Cross Regional Roadmaps

In order to implement the CACM Target Models for electricity across Europe by 2014, four priority projects have been identified:

  1. The Single European Price Coupling aims at optimising the use of existing day-ahead cross-border capacities at European level, reducing the day-ahead price volatility and improving confidence in organised price references.
  2. The Single European Continuous Implicit Mechanism for cross-border Intraday trade aims at facilitating balancing before the closure of the market and, possibly, short-term arbitrage. This simplification is becoming increasingly important in the context of growing penetration of intermittent generation.
  3. The European Allocation Platform for the allocation of Long-Term Transmission Rights aims at delivering one single point of contact for the allocation of harmonised long-term transmission rights across Europe.
  4. The Flow-Based Allocation Method for short-term capacity allocation in highly meshed networks aims at improving the network security and the level of capacity made available to the market, by taking into account the influence of cross-border flows on the congested lines in a more transparent and effective way.

In 2011, the seven electricity RIs elaborated their action plans following this project-oriented approach, using a common template and having in mind a common objective: the implementation of the CACM Target Models by 2014.

Those four priority projects have been declined in four cross-regional roadmaps. These were essential not only for the identification of the key EU- and regional-level milestones to successful project implementation, but also for identification of the stakeholders’ “accountabilities” (“who should do what and when”).

Lead regulators have been appointed for each priority project:

  • BnetzA (DE) and AEEG (IT) are co-leading the Market Coupling project;
  • Ofgem (UK) is leading the Intraday project;
  • CRE (FR) and EI (SE) are co-leading the Long-Term Transmission Rights project;
  • CREG (BE) and E-Control (AT) are co-leading the Capacity Calculation project. 

Key prerequisites to meet the 2014 IEM objective:

  • True commitment of key stakeholders (NRAs, TSOs, PXs) both at EU and regional level throughout the implementation phase
  • Continuous support and involvement of all stakeholders (AESAG process and regional Fora)
  • Engagement of Member States when necessary
  • Regular and transparent reporting on progress and challenges: Quarterly reports (first ACER issue: April 2012 covering Q1 2012), Annual Status Review (first ACER issue: March 2012) and Florence Forum