From the beginning, RTE has been working with market participants, in accordance with the principles set forth in European network codes, to develop mechanisms that encourage the opening of the French electricity market and its integration within Europe:
- With the EU’s Capacity Allocation & Congestion Mechanism (CACM) regulation in effect, there is competition in France between different exchanges (EPEX Spot, which has long operated in France, and Nord Pool). These operators, called NEMOs (Nominated Electricity Market Operators), are designated by regulators in each country. Already in place for Refers to electricity trades conducted on very short notice, almost in real time coupling following the launch of the XBID platform in June 2018, competition will be expanded in 2019 via day-ahead coupling.
- Coordinated calculation processes, complying with the objectives set forth in the CACM regulation, will be introduced for Refers to electricity trades conducted on very short notice, almost in real time trading at the France-Italy border and for day-ahead capacity on the France-Spain border in 2019.
- Following implementation of the EU Regulation on Forward Capacity Allocation (FCA), a process will be developed for the coordinated calculation of forward capacity at the France-Spain border in 2019.
- To integrate the changes resulting from the EU’s Electricity Balancing (EB) regulation, the TERRE (Trans European Replacement Reserve Exchange) project will include a common platform over which several European countries can trade balancing energy with an activation time of under 30 minutes.