Consultations/Rules amendments

GME informs Market Participants that, as of today, with the publication on its website, the amendments to the “Rules of Operation of the Market of certificates of release to consumption of biofuels” (MCIC Rules), have entered into force. The MCIC Rules have been revised pursuant to article 3, para. 3.6 of the same Rules in order to implement the provisions laid down in Decree no. 107, adopted by the Ministry of Environment and Energy Security on 16 March 2023.

The purpose of the amendments is to enable the trading, within the MCIC, of the additional types of Certificates of Release to Consumption (CICs) introduced by the above-mentioned Decree.

With the aim of managing these additional types of CICs, the updated versions of Technical Rules MCIC nos. 3 and 5, i.e. the implementing and procedural provisions of the MCIC Rules, have also entered into force as of today. These updated versions of the Technical Rules fully replace the previous versions published on GME’s website.

GME informs market participants that, today, the Ministry of Environment and Energy Security (with a Decree issued by the Director-General of its Directorate-General for Competitiveness and Energy Efficiency – CEE) has approved the urgent amendments to the Market Rules for Certificates of Release to Consumption of Biofuels (MCIC Rules). The amended MCIC Rules, prepared by GME pursuant to article 3, para. 3.6 of the same Rules, have been in full force and effect since 1 February 2024, i.e. the date of their publication on GME’s website.

With Decree of 2 March 2018, on “Promoting the use of biomethane and other advanced biofuels in the transport sector” (hereinafter: Inter-ministerial Decree of 2 March 2018), published in the Official Gazette General Series n. 65 of 19 March 2018, the Minister of Economic Development, in agreement with the Minister for the Environment and the Protection of Land and Sea and with the Minister of Agricultural, Food and Forestry Policies, amended and integrated, among other things, the previous provisions adopted with Ministerial Decree of 10 October 2014 on "Updating the conditions, criteria and methods for implementing the obligation to release biofuels for consumption, including advanced ones".

The provisions introduced by the Inter-ministerial Decree of 2 March 2018 include, for the purposes of this document,  Article 11, paragraph 1, subpara. r), which integrates Article 6 of the Ministerial Decree of 10 October 2014, stipulating that "In addition to the GSE computer portal [...] CICs are also traded on the exchange venue organized by Gestore dei Mercati Energetici, as referred to in Article 5 of Legislative Decree of 16 March 1999, no. 79 (GME), according to a set of operational rules, proposed by GME and approved by Decree of the Director General of the Directorate General for Security of Supply and Energy Infrastructure (DGSAIE) of the Ministry of Economic Development".

In order to implement the aforementioned provision, GME identified a possible model for the operation of the CIC market, detailed in this Consultation Paper and submitted for public consultation in order to collect  comments from the stakeholders.

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