After months of preparation during the implementation phase, thorough tests, communication meetings and webinars for market participants, the Interim Coupling Project (ICP) has successfully gone live. This marks a milestone for all European countries on the road to creating a single cross-border day-ahead market (SDAC).
The project aimed to connect the borders of the 4M MC countries (Czech Republic, Romania, Slovakia, Hungary) with the Multi-Regional Coupling (MRC) area by introducing Net Transmission Capacity (NTC) based implicit capacity allocation on six borders (PL-DE, PL-CZ, PL-SK, CZ-DE, CZ-AT, HU-AT). Thanks to the resulting integration it is possible to operate a single coupling mechanism for day-ahead markets in 23 European countries.
“Interim Coupling was a demanding undertaking for all parties involved, and its implementation was preceded by numerous tests at local, regional and European level. The go-live of the ICP offers an opportunity to allocate orders to new connections covered by the implicit auction model, i.e. without the need to book capacity in advance” says Sylwester Biało, Director of the TGE’s Integration Office.
Interim Coupling is not the only project TGE is a party to. International initiatives pursued by TGE are implemented within the framework of such pan-European projects as SDAC (Single Day-Ahead Coupling based on the PCR solution) and SIDC (Single Intraday Coupling, formerly XBID). The Exchange is also active in the NEMO Committee, the organisation that brings together all European NEMOs. The Committee coordinates joint projects implemented by the NEMOs in the day-ahead and intraday markets for electricity.
As part of its local initiatives, TGE is also engaged in training activities, promotion of knowledge about the international market and consultations with Exchange Members.