First dedicated meeting on a regional market monitoring will be organised by the five regulators in February 2008.
Priority I Long term explicit auction rules
The regulators have elaborated, after consultation with market parties and in coordination with TSOs, a common position concerning the harmonisation and improvement of auction rules (see the conclusions of the 6th RCC meeting). To this end a common, regional TSO company was announced by the TSOs in December 2007 for the operation of these long term explicit auctions. The objective is the implementation of a harmonised & improved set of auction rules for 2009 auctions.
Priority II Day-ahead market coupling
The implementation of a flow-based, day-ahead market coupling was a main priority in 2007. This project required the collaboration of several TSOs and PXs. TSOs started the development of a flow based allocation mechanism, taking into account, where possible, the physical constraints of the system. Detailed implementation studies should be delivered in 2008. The implementation is foreseen in the 1Q09.
Priority III Cross-border intra day trade
An interim intraday mechanism based on an improved pro-rata system was implemented in June 2007 on the Belgian-French border.
The same system shall be implemented on the Belgian-Dutch border in June 2008.
An intraday system based on continuous trading shall be implemented on the Dutch-German border for April 2008.
Concerning the regional target solution, regulators are currently elaborating a consultation document, in collaboration with the TSOs. The consultation should be organised during summer 2008.
Priority V Transparency
In accordance with article 1.10 of the Congestion Management Guidelines, the regulators have indicated in their transparency report published end 2007, how the transparency requirements of the Congestion Management Guidelines should be implemented (see the transparency report in the Press Releases section).