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"Nemo Committee" Established To Manage Joint Responsibilities of Nemos Under Cacm: Mco Plan Submitted To Nras

NEMO Committee- established to manage joint responsibilities of NEMOs under CACM: MCO Plan submitted to NRAs

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Зоран Ѓорѓиевски
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45 views

"Nemo Committee" Established To Manage Joint Responsibilities of Nemos Under Cacm: Mco Plan Submitted To Nras

NEMO Committee- established to manage joint responsibilities of NEMOs under CACM: MCO Plan submitted to NRAs

Uploaded by

Зоран Ѓорѓиевски
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© © All Rights Reserved
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- Press release -

NEMO Committee established to manage joint responsibilities


of NEMOs under CACM: MCO Plan submitted to NRAs
9 June 2016 | Europes electricity spot exchanges that have been designated as NEMOs
(Nominated Electricity Market Operators) have established the NEMO Committee to take
forward their joint responsibility to further develop and operate the European single day-ahead
and intraday market coupling - as required under the CACM Regulation (Commission
Regulation (EU) 2015/1222 of 24 July 2015 establishing a guideline on capacity allocation and
congestion management).
On 14 April 2016, the NEMO Committee, representing all 19 NEMOs from across Europe,
submitted to National Regulatory Authorities (NRAs) and ACER the plan that specifies how to
jointly set up and perform the Market Coupling Operator (MCO) function (the MCO Plan). The
MCO Plan details the governance and cooperation rules among the NEMOs and outlines the
relationship with third parties. The MCO Plan also defines the transition from the current dayahead and intraday market coupling initiatives to the single day-ahead and intraday market
couplings that form the cornerstone of the European Target Model for Electricity. Over the
coming months, the NRAs of the 26 involved EU Member States (all but Cyprus and Malta who
currently are not part of market coupling due to their geographical situation) will review the
proposal. Following the NRA approval of the MCO Plan, the NEMOs envisage a maximum of
twelve months for its implementation.
The NEMO Committee has been established via a voluntary cooperation agreement between
the NEMOs as a way to enable the timely and efficient management of their joint responsibilities
under CACM. Following the entry into force of the cooperation agreement among the NEMOs,
the NEMO Committee elected Andrew Claxton (EPEX SPOT) on 6 May as its first Chairman

with a mandate of six months. In this role, Claxton will help facilitate the internal work of the
NEMO Committee as well as the discussions with the NRAs, TSOs and other stakeholders
linked to or interested in the CACM implementation process.
CACM assigns jointly to all NEMOs the critical responsibility to develop and operate the MCO
function that includes the core order matching and price formation process in market coupling.
Since December 2015, the designated NEMOs have worked together efficiently to establish the
new arrangements and deliver the MCO Plan within the challenging four-month deadline set out
by CACM.
The NEMO Committee currently exists in an interim form: participation is voluntary and the
focus is on delivering the methodologies required from NEMOs over the coming months. Once
the MCO Plan is approved, the NEMO Committee will take on a more formal overall
responsibility for the MCO function implementation and operation.
Contact
Andrew Claxton
Chairman, (Interim) NEMO Committee
[email protected]
NEMO Committee Members
APX Commodities Ltd.

Independent Bulgarian Energy Exchange EAD

APX Power B.V.

LAGIE - Operator of Electricity Market S.A.

Belpex SA

Nord Pool AS

BSP Regional Energy Exchange LLC

OKTE a.s.

Croatian Power Exchange Ltd.

OMI - Polo Espaol S.A. (OMIE)

EirGrid plc

Operatorul Pieei de Energie Electric i de


Gaze Naturale OPCOM SA

EPEX SPOT SE
EXAA Abwicklungsstelle fr Energieprodukte
AG
Gestore dei Mercati Energetici S.p.A.

OTE A.S.
SONI Limited
Towarowa Gieda Energii S.A.

HUPX Hungarian Power Exchange Company


Limited by Shares

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