In order to implement the CACM Target Models for electricity across Europe by 2014, four priority projects have been identified:
-
The Single European Price Coupling aims at optimising the use of existing day-ahead cross-border capacities at European level, reducing the day-ahead price volatility and improving confidence in organised price references.
-
-
-
In 2011, the seven electricity RIs elaborated their action plans following this project-oriented approach, using a common template and having in mind a common objective: the implementation of the CACM Target Models by 2014.
Those four priority projects have been declined in four cross-regional roadmaps. These were essential not only for the identification of the key EU- and regional-level milestones to successful project implementation, but also for identification of the stakeholders’ “accountabilities” (“who should do what and when”).
Lead regulators have been appointed for each priority project:
-
BnetzA (DE) and AEEG (IT) are co-leading the Market Coupling project;
-
Ofgem (UK) is leading the Intraday project;
-
CRE (FR) and EI (SE) are co-leading the Long-Term Transmission Rights project;
-
CREG (BE) and E-Control (AT) are co-leading the Capacity Calculation project.
Key prerequisites to meet the 2014 IEM objective:
-
True commitment of key stakeholders (NRAs, TSOs, PXs) both at EU and regional level throughout the implementation phase
-
Continuous support and involvement of all stakeholders (AESAG process and regional Fora)
-
Engagement of Member States when necessary
-
Regular and transparent reporting on progress and challenges: Quarterly reports (first ACER issue: April 2012 covering Q1 2012), Annual Status Review (first ACER issue: March 2012) and Florence Forum