National Regulatory Authorities approve NEMO proposal to establish European Market Coupling Operator functions to further integrate day-ahead and intraday markets (the “MCO Plan”)
Cosimo Campidoglio elected as new Chairperson of NEMO Committee
We are pleased to announce that all National Regulatory Authorities approved the MCO Plan on 26 June 2017. The MCO Plan includes all the necessary steps to accomplish a European market coupling operator function to integrate European day-ahead and intraday power markets.
The MCO Plan provides how NEMOs will jointly set up and perform the MCO functions according to the Commission Regulation (EU) 2015/1222 of 24 July 2015 establishing a guideline on capacity allocation and congestion management (“CACM Regulation”), necessary to connect day-ahead and intraday markets across the whole of Europe
The approval of the MCO Plan represents a significant milestone in the implementation of the CACM Regulation and accomplishment of the Internal Energy Market. During the following months, the NEMO Committee will provide the necessary oversight to coordinate and report on progress to implement the MCO Plan and to successfully establish the MCO functions.
On 12 July 2017, the NEMO Committee confirmed the appointment of Cosimo Campidoglio, current Head of Market Monitoring and Analysis at the Italian power exchange, as its new Chairperson.
Contact
Cosimo Campidoglio
Chairperson, NEMO Committee
You can download the press release here.
You can download the approved MCO plan here.