ACER to decide on harmonised allocation rules for long-term transmission rights
What is it about?
The EU Agency for the Cooperation of Energy Regulators (ACER) has received on 25th June 2021 transmission system operators' (TSOs) proposal to amend the harmonised allocation rules for long-term transmission rights.
ACER will reach a decision on the proposal by 22 December 2021.
To take an informed decision, ACER will collect inputs during the course of the decision making process by consulting with market participants, TSOs and regulatory authorities.
ACER will run a six-week public consultation, from 19 July to 30 August 2021.
What are the benefits of having harmonised allocation rules across Europe?
The harmonised allocation rules ensure a transparent and non-discriminatory capacity allocation of long-term transmission rights to all market participants by, among the others:
- harmonising definitions,
- establishing the contractual framework between the single allocation platform and market participants,
- harmonising the use-it-or-sell-it provisions,
- describing the types of long-term transmission rights, the nomination rules and the forward capacity allocation process,
- harmonising financial requirements and settlement.
How does ACER contribute?
ACER ensures the decision on all-TSOs’ proposal is in line with the objectives of the FCA Regulation and fulfils all the legal obligations set out by its Article 51.