ACER to request further information to reinforce the monitoring of the European single intraday coupling market
ACER to request further information to reinforce the monitoring of the European single intraday coupling market
What is it about?
The EU Agency for the Cooperation of Energy Regulators (ACER) has initiated the procedure for requesting further information to Nominated Electricity Market Operators (NEMOs) operating in the Single Intraday Coupling (SIDC) market.
The information is needed for reconstructing the trading dynamic and the local view of the Shared Order Book in the SIDC market and thus for allowing ACER to fully comply with its mandate of monitoring the wholesale energy markets pursuant Article 7 of REMIT.
What are the next steps?
ACER intends to reach a decision by the end of January 2022. To take an informed decision, ACER will consult involved parties in the course of November 2021.
What are the benefits?
Providing ACER with the relevant information allows the Agency to monitor effectively the European wholesale market’s integrity and transparency, particularly the Single Intraday market, according to REMIT.
Deterring market participants from manipulating the market, ensuring trust in the functioning of the markets and fostering market integration have the ultimate goal of protecting the interest of companies and consumers.