19.7.2022

ACER approves the extension of the application of Forward Capacity Allocation methodologies to Fingrid

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ACER approves the extension of the application of Forward Capacity Allocation methodologies to Fingrid

What is it about?

The EU Agency for the Cooperation of Energy Regulators (ACER) has decided on the Transmission System Operators (TSOs)’ proposal to amend the Forward Capacity Allocation methodologies related to:

  • the establishment of a Single Allocation Platform and the requirements for sharing the costs of its establishment and operation,
  • the Congestion Income Distribution.

The approved amendments extend the application of those methodologies to Fingrid (the Finnish TSO).

What are the benefits?

The amended methodologies will enable the issuing of long-term transmission rights on the Finnish – Estonian bidding zone borders and therefore provide the long-term cross-zonal hedging opportunities needed by the Baltic market participants.

To accelerate the availability of the long-term transmission rights on the Finnish-Estonian border, ACER promptly approved the amendments to the methodologies, issuing the Decisions more than three months ahead of the legal deadline.

Access ACER Decision 09-2022 on amendments to Single Allocation Platform (SAP) and ACER Decision 10-2022 on amendments to Congestion Income Distribution Methodology (CIDM).