For the first time, market participants will be able to address their request to a single auction office, where they had to introduce them with different offices in the past, claimed the company.
This will apply for the year capacity for 2009 and the month capacity as of December 2008. In spring 2009, the daily auctions will also be executed by CASC-CWE (the Capacity Allocation Service Company for Central West-Europe), using common rules subject to regulatory approval, said the company.
This is the first step by which market participants will start drawing benefit from the market mechanisms, following the signing of a memorandum of understanding between power exchanges, transmission system operators, Ministers of Energy, regulators and representatives of market participants in Belgium, France, Germany, Luxemburg and the Netherlands on 6 June 2007, claimed CASC-CWE.
The shareholders of CASC-CWE are Cegedel Net, Elia, EnBW TNG, E.ON Netz, RTE, RWE TSO and TenneT. The objectives of the memorandum of understanding are to introduce market coupling between the Central Western European electricity markets and improved coordination for an increased security of supply in Europe.
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