We supported a European regulator in assessing the organisation, governance structure and auction design of the mechanism implementing cross-border day-ahead and intraday electricity trading and interconnection capacity allocation in Europe (so called “market coupling” system).
Our analysis covered:
- Agreements among national power exchanges and transmission system operators (PCR and XBID)
- Implementation processes
- ICT infrastructure
- Market clearing algorithms
- Institutional framework, and
- Market rules
We assessed the effectiveness and efficiency of the current system, its scalability and the ability of regulatory authorities to effectively steer its development. Where appropriate, we proposed amendments to the current arrangements.
