Abstract
This article assesses the manner in which Commission Regulation (EU) 2015/1222 of 24 July 2015 establishing a guideline on capacity allocation and congestion management ("CACM") alters the legal context within which power exchanges ("PXs") perform their activities related to market coupling. By submitting the cooperation among the newly-introduced NEMO-entities, and between these NEMOs and TSOs, regarding market coupling to a new set of rules, CACM affects the market coupling activities of PXs in different ways. This article in particular examines from the power exchanges' perspective (1) the need for the increased regulation introduced by CACM, (2) how CACM affects their activities in the context of market coupling and (3) whether CACM contributes to a better governance of market coupling.
| Original language | English |
|---|---|
| Pages (from-to) | 208-226 |
| Number of pages | 19 |
| Journal | European Journal of Risk Regulation |
| Volume | 9 |
| Issue number | 2 |
| DOIs | |
| Publication status | Published - 1 Jun 2018 |
| Event | New Governance and Regulation in the energy sector - Auditorium ULB - Faculté d'architecture La Cambre Horta, Brussels, Belgium Duration: 24 Mar 2017 → 24 Mar 2017 http://www.creg.be/sites/default/files/assets/News/2017/conference170324/presentationsconference2017.pdf http://www.creg.be/sites/default/files/assets/News/2017/conference170324/20170324conference_agenda.pdf http://Conference “New Governance and Regulation in the Energy Sector” |
Keywords
- CACM
- market coupling
- electricity market
- power exchange
- NEMO
- transmission system operator
- energy trading
- capacity allocation