Italy implements energy market coupling on its borders

(AGI) Rome, Feb 24 - Italy's borders with Austria, France, andSlovenia were successfully connected on Tuesday via theMulti-Regional Coupling (MRC), giving Italy access to most ofthe European Union's electricity markets, from Finland toPortugal, and Slovenia. The successful launch was announced bythe Italian Power Exchange (GME), which said the arrival ofmarket coupling on Italy's borders confirms the flexible andreliable nature of the Price Coupling of Regions (PCR). Theenergy capacity of the three border areas was assigned via thePCR system for Day-Ahead market values, thereby integrating theareas within the MRC. Full price

(AGI) Rome, Feb 24 - Italy's borders with Austria, France, andSlovenia were successfully connected on Tuesday via theMulti-Regional Coupling (MRC), giving Italy access to most ofthe European Union's electricity markets, from Finland toPortugal, and Slovenia. The successful launch was announced bythe Italian Power Exchange (GME), which said the arrival ofmarket coupling on Italy's borders confirms the flexible andreliable nature of the Price Coupling of Regions (PCR). Theenergy capacity of the three border areas was assigned via thePCR system for Day-Ahead market values, thereby integrating theareas within the MRC. Full price coupling allows a simultaneouscalculation of electricity prices and transborder flowsthroughout the region, which, the GME said, will benefit finalconsumers thanks to a more coordinated and efficient use of theelectricity network and transborder infrastructure. Thetransborder capacity of all the interconnection mechanismswithin and between the following countries will now be assignedby the end of the previous day, the GME said in its statement:Austria; Belgium; Denmark; Estonia; Finland; France; Germany;Holland; Italy; Latvia; Lithuania; Luxembourg; Norway; Poland(via the SwePol link); Portugal; Slovenia; Spain; Sweden; andthe UK. The MRC's Day-Ahead markets currently cover 19 Europeannations, with annual electricity consumption levels of around2,800 TWh, equalling an average value of 150 million euros perday. (AGI) .