Scope: continuous knowledge building is a constant need for national energy regulatory authorities, in particular having in mind the high complexity and broad expertise required for pro-active and effective regulation of energy markets. This challenge increases with new pieces of legislation becoming applicable in the Energy Community Contracting Parties, most of which involving direct responsibilities and new duties of regulators. The Energy Community Regulatory School aims at supporting the technical knowledge of the Energy Community Contracting national energy regulatory authorities to effectively implement and efficiently apply new pieces of Energy Community acquis communautaire – such as but not limited to gas and electricity network codes and guidelines or REMIT and linked increasingly developing market activities such as trade or market coupling. Beyond the mere legal aspects, the Energy Community Regulatory School is dedicated to deliver practical insights and share experience made on EU level. Praxis oriented, interactive and in-depth discussions will be in the core of the training courses tailor made for the Contracting Parties’ regulators.
the national energy regulatory authorities of the Energy Community Contracting Parties and Observers. Subject to place availability, events are in principle also open to other participants of the Energy Community Contracting Parties and Observers.
Organisation and costs:
courses are organised by the Energy Community Secretariat. The Energy Community Secretariat reimburses participants of the national energy regulatory authorities of the Energy Community Contracting Parties and Observers as indicated for each course individually
course participants receive an attendance certificate.
Electricity / Course on Day Ahead and Intraday Electricity Markets
Context: While liquid markets in all market timeframes are important to ensure correct price signals and efficient allocation of risks among market participants. Forward markets, amongst others, are in particular important for hedging and investment signals. The development of spot market boosted electricity trading by providing a price signal or index of the value of electricity closer to delivery. Day-ahead markets provide hourly prices signalling the value of electricity delivered and the value of cross-zonal capacity. Market coupling as a mechanism for efficient allocation and use for cross-zonal capacity is established using the day-ahead market algorithm by incorporating capacity component in the same auction. Penetration of intermittent renewables requires trading closer to delivery. Intraday markets are becoming more liquid and important to enable market participants to balance their portfolio before balancing. Both, day-ahead and intraday markets, are more efficient if integrated in a wider geographic scope. Commission Regulation (EU) 2015/1222 establishing a guideline on capacity allocation and congestion management (CACM Regulation) provided the means and processes for market coupling and the role of national regulatory authorities in this process is crucial.
Scope: the course targets understanding of day-ahead and intraday market operation on national basis, including clearing activity. Understanding the mechanism of market coupling implemented in the EU and the ongoing processes to implement the CACM Regulation remains the key objective.