Energy Efficiency

Italian borders with three countries successfully coupled

Photo: Pixabay

Published

February 24, 2015

Country

Comments

comments icon

0

Share

Published:

February 24, 2015

Country:

Comments:

comments icon

0

Share

Slovenia’s ELES d. o. o. (Electricity Transmission System Operator) reported a further significant step towards an integrated European power market, as the Italian Borders Market Coupling was launched.

The Italian-Austrian, Italian-French and Italian-Slovenian borders have been coupled with the MultiRegional Coupling (MRC), thus linking the majority of EU power markets – from Finland to Portugal and Slovenia. The launch of the Italian Borders Market Coupling provides evidence of the flexibility and reliability of the Price Coupling of Regions (PCR) solution, the report said.

Capacity for the three border sections has been implicitly allocated through the PCR solution for the day-ahead markets, making those borders part of the MRC. This full price coupling allows the simultaneous calculation of electricity prices and cross-border flows across the region, ELES said. This will bring a benefit for end-consumers derived from a more efficient use of the power system and cross-border infrastructures, the report said.

Cross-border capacity of all inter-connectors within and between the following countries is now allocated in the day-ahead timeframe: Austria, Belgium, Denmark, Estonia, Finland, France, Germany, Great Britain, Italy, Latvia, Lithuania, Luxembourg, the Netherlands, Norway, Poland (via the SwePol Link), Portugal, Slovenia, Spain and Sweden.

The day-ahead markets of MRC extended to the Italian Borders Market Coupling now cover 19 European countries, accounting for about 2,800 TWh of yearly consumption. The daily average cleared volume over these countries amounts to over 4 TWh, with an average daily value of over EUR 150 million.

Related Articles

Green for Growth Fund financial impact targets 2023

Green for Growth Fund tops its financial, impact targets in 2023

15 July 2024 - The Green for Growth Fund kept mitigating climate change and promoting sustainable economic growth last year in its 18 markets

Heat pumps and electric cars expected to bring small rise in power demand for Greece

Heat pumps, electric cars expected to contribute little to power demand growth in Greece

10 July 2024 - Contrary to earlier estimates, heat pumps and electric cars are not expected to significantly raise electricity demand in Greece.

vinca beo cista energija waste to energy facility

Beo Čista Energija officially starts producing energy from waste at Vinča landfill in Belgrade

03 July 2024 - Beo Čista Energija started the waste incineration in February 2023 as a final phase of testing its waste-to-energy facility

Zoran Lajovic Metalfe Group

Green Steel from Sremska Mitrovica – responsible industry for sustainable future

24 June 2024 - Serbian company Metalfer Group, whose production portfolio includes the so-called Metalfer® Green Steel, has demonstrated that steelmaking can be sustainable and responsible