The EU Agency for the Cooperation of Energy Regulators (ACER) released today its “Report on the implementation of the Inter-Transmission System Operator Compensation (ITC) mechanism in 2017”. According to EU legislation, ACER annually reviews the implementation of this mechanism and the management of the ITC Fund established by ENTSO-E for the purpose of compensating TSOs for the costs incurred on national transmission systems due to hosting cross-border flows of electricity.
The Agency notes that the ITC Fund remained relatively stable compared to 2016, amounting to €259.35 million. While the volume of losses due to transits significantly increased (by 20%), its rising impact on the losses component of the ITC Fund was almost fully compensated by a remarkable reduction (by 16.7%) of the weighted average value of losses for the ITC Parties. In 2017 this value was 35.36 €/MWh, which is the lowest figure registered since 2011.
The full report is available here.