Consultation/Rules amendments

Following its previous communications of 8 July 2024 and 24 July 2024, GME informs market participants that, as of today, with their publication on GME’s website, amendments to the Integrated Text of the Electricity Market Rules (ME Rules), Natural-Gas Market Rules (MGAS Rules) and Regulations of the Platform for the Trading of Bids/Offers of Natural Gas (P-GAS Regulations) will enter into force.

Concurrently, with their publication on GME’s website today, also the new versions of the Technical Rules for the ME, the M-GAS, and the P-GAS will enter into force. These Technical Rules have been updated in view of the implementation of the above-mentioned amendments to the ME and MGAS Rules and to the P-GAS Regulations.

ELECTRICITY MARKET

1. Integrated Text of the Electricity Market Rules (ME Rules)
2. Technical Rule no. 3 ME
3. Technical Rule no. 4 ME
4. Technical Rule no. 8 ME
5. Technical Rule no. 10 ME

NATURAL-GAS MARKET

1. Natural-Gas Market Rules (MGAS Rules)
2. Technical Rule no. 14 MGAS
3. Technical Rule no. 16 MGAS
4. Technical Rule no. 19 MGAS
5. Technical Rule no. 22 MGAS

PLATFORM FOR THE TRADING OF BIDS/OFFERS OF NATURAL GAS

1. Regulations of the Platform for the Trading of Bids/Offers of Natural gas (P-GAS Regulations)
2. Technical Rule no. 3 P-GAS
3. Technical Rule no. 11 P-GAS

For any queries, please write to
ompr@mercatoelettrico.org

GME informs market participants that the Ministry of Environment and Energy Security (MASE) has issued Decree no. 450 of 20/12/2024 (published on the website of MASE) approving the following amendments to the Integrated Text of the Electricity Market Rules (ME Rules), the Integrated Text of the Natural-Gas Market Rules (MGAS Rules), and the Regulations of the Platform for the Trading of Bids/Offers of Natural Gas (P-GAS Regulations):

1. urgent amendments to the MGAS Rules, adopted in accordance with Art. 3.6 of the same Rules, entered into force on 30 January 2024, and concerning the elimination of “bids/offers without a price limit”;
2. urgent amendments to the ME Rules, MGAS Rules, and P-GAS Regulations, adopted in accordance with Arts. 3.5 and 3.6 of the same Rules, entered into force on 1 October 2024 and aimed at complying with Regulation (EU) 2024/1106 as regards improving the Union’s protection against market manipulation on the wholesale energy market;
3. amendments to the ME Rules, adopted in accordance with Arts. 3.4 and 3.5 of the same Rules, in order to incorporate - with effect from 1 January 2025, day of flow of the Electricity Market - the provisions introduced by ARERA with its Resolution 345/2023/R/EEL, as subsequently amended and supplemented, concerning the new Integrated Text of the Electricity Dispatching Rules (TIDE), and the further provisions laid down in Decree no.151/2004 of MASE regarding: i) the valuing of demand bids in the Day-Ahead Market (MGP) at zonal prices; ii) the calculation of the reference price of electricity traded in the MGP; and iii) the introduction of the compensatory component as a result of the replacement of national single price (“prezzo unico nazionale”).

With a view to facilitating the implementation of the new provisions by market participants as of the day of flow 1 January 2025 (i.e. go-live of TIDE and replacement of the national single price), and following up on its communication of 1 August 2024, GME reminds market participants that the updated version of the ME Rules, as approved pursuant to the above-mentioned decree, is available, for informational purposes only, in the “TIDE” section of its website .

However, until the date of effect of the new provisions indicated above, transactions in the Electricity Market will continue to be governed by the current provisions published in the appropriate sections of GME’s website.

With this consultation document (Consultation Document 8/2014), GME intends to gather comments and suggestions from interested parties about some changes to the provisions of the Rules and Regulations governing its markets and platforms. The proposed changes are focused on: the disciplinary measures that GME adopts in case of breaches of the Rules and Regulations by participants; the requirements for participation in/suspension/exclusion from the market/s; and the provisions regarding the resolution of complaints about market operations.
Considering that the above provisions have a cross-cutting nature within the different markets/platforms that GME organises and manages, apart from obvious differences related to the specificity of each market, GME plans to globally revise the Rules/Regulations, with a view to achieving a structured and homogeneous regulatory setting to the benefit, among others, of participants active on the different markets/platforms.
Interested parties are invited to send their comments in writing to GME’s Institutional Relations & Communication - “Relazioni Istituzionali e Comunicazione”- by 11 December at the latest (end date of the consultation) in one of the following ways:

·  by e-mail to: info@mercatoelettrico.org
·  by fax to: +39-06-8012 4524
·  by mail to: Gestore dei mercati energetici S.p.A.
                     Largo Giuseppe Tartini, 3/4
                     00198 – Roma

If you want us to keep all or part of your comments confidential, please specify which parts of your document are to be kept confidential.

Download Consultation Document 8/2014

GME has made some urgent amendments to the structure of the rules governing the operation of the Electricity Market, the PCE, the M-GAS and the P-GAS, in order to make them more easily harmonisable with upcoming provisions on taxation - including those laid down in the recent “Legge Comunitaria 2010” (Community law 2010). The amendments make reference to the related Technical Rules on the procedures and time limits for invoicing and payments adopted in the above-mentioned markets and platforms.

• Integrated Text of the Electricity Market Rules;
• Technical Rule no. 8 rev5 ME, replacing Technical Rule no.8 rev4 ME;
• Technical Rule no. 4 rev4 MCV, replacing Technical Rule no. 4 rev3 MCV;

• Rules Governing the Electricity Account Registration Platform;
• Technical Rule no. 6 rev5 PCE, replacing Technical Rule no. 6 rev4 PCE;

• Regulations of the platform for the trading of bids/offers of natural gas;
• Technical Rule no. 3 rev2 P-GAS, replacing Technical Rule no. 3 rev1 P-GAS;

• Gas Market Rules;
• Technical Rule no. 10 rev2 MGAS, replacing Technical Rule no. 10 rev1 MGAS.