Nomination Rules for Physical Transmission Rights

Closed 19 Jun 2021

Opened 19 May 2021

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 their bidding zone border(s) submitted 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 have been 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. In 2017 TSOs of Austria, Croatia, Czech Republic, Germany, Hungary, Poland, Slovakia, and Slovenia prepared the proposals for the nomination rules for PTRs on their common bidding zone borders level, the proposals were approved by NRAs and adopted by the TSOs.

In 2021, with the launch of Interim Coupling Project, it became a necessity to update Annex 1 to the Proposal for nomination rules for Physical Transmission Rights for the bidding zone border(s) between Austria, Croatia, Czech Republic, Germany, Hungary, Poland, Slovakia and Slovenia

Why we are consulting

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

Audiences

  • ENTSO-E stakeholders

Interests

  • Market Network Codes