Amended Channel Nomination Rules for Physical Transmission Rights

Closed 25 Mar 2019

Opened 25 Feb 2019

Overview

Following the entry into force of Commission Regulation (EU) 2016/1719 of 26 September 2016 establishing a Guideline on Forward Capacity Allocation (the FCA Regulation), all TSOs issuing physical transmission rights (PTRs) on a bidding zone border shall submit a proposal for the respective nomination rules. The FCA Regulation aims at promoting the development of liquid and competitive forward markets in a coordinated way across Europe, and at providing market participants with the ability to hedge their risk associated with cross-border electricity trading. According to Article 36 of the FCA Regulation, the proposals for the nomination rules for PTRs should be submitted by TSOs issuing the PTRs on a bidding zone border to the relevant NRAs for approval by 12 months after the entry into force of the FCA Regulation. Several new interconnectors are foreseen on the bidding zone between Great Britain and France. To this end, Channel TSOs have prepared an amended proposal for the nomination rules for PTRs on bidding zone border level which makes the GB-FR border generic.

Why We Are Consulting

Channel TSOs strongly value stakeholder contributions and feedback. To facilitate this exchange, ENTSO-E holds open, transparent on-line consultations on aspects that impact pan-European energy transmission.  This public consultation is a key element of the stakeholder engagement strategy for delivering the nomination rules for PTRs proposals.  

What Happens Next

Channel TSOs will use the consultation feedback to develop the proposal. The amended proposal will be submitted to regional regulators for approval. 

Audiences

  • ENTSO-E stakeholders

Interests

  • General