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Consultations/Rules amendments

Guarantee

REMIT GUARANTEE PPA AC PLATFORM
Consultations: Ordinary Amendments - Guarantees
DCO 01/2019 INTEGRATED MANAGEMENT OF GUARANTEES ON THE ENERGY AND GAS SPOT MARKETS
14/01/2019
DCO 01/2019 INTEGRATED MANAGEMENT OF GUARANTEES ON THE ENERGY AND GAS SPOT MARKETS

With this consultation document, GME wishes to collect observations and comments regarding the proposal for integrated management of guarantees among the interested parties, to be introduced in the energy and gas spot markets.

This proposal aims to favor a reduction of the costs incurred by market participants for the provision of financial guarantees required for participation in the aforementioned markets, as well as a simplification of operational and management processes for market participants.

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Interested parties must send their comments to GME - Governance in writing, no later than 4 February 2019, closing date of this consultation, through one of the following methods:
  • facsimile: 06.8012-4524

  • post: Gestore dei mercati energetici S.p.A.
    Viale Maresciallo Pilsudski, 122/124
    00197 – Roma
Parties wishing to fully or partly safeguard the confidentiality or secrecy of the documentation sent are required to indicate the parts of their documentation to be considered confidential.

DCO 01/2019
07/08/2019
Integrated management of guarantees in the MGP and MI energy markets and on the spot gas market (MP-GAS) - netting: approval and date of effect of the Integrated Text of the Electricity Market Rules and Natural Gas Market Rules

Participants are hereby informed that the amendments to the Integrated Text of the Electricity Market Rules (hereinafter: ME Rules) and to the Natural-gas Market Rules (hereinafter MGAS Rules) have been approved by Decree of the Ministry of Economic Development (MiSE) dated 2 of August 2019, published on the MiSE website

i)  new rules regarding the integrated management of guarantees on Energy Markets, MGP and MI, and on the spot gas market (hereinafter MP-GAS);


ii) simplification of operation and management processes related to the forms of guarantees posted.


The date from which the amendments to the ME and MGAS Rules become effective, that is to say when the netting begins on the MGP and MI markets and on the spot gas market (MP-GAS), is the trading day November 28, 2019.

On this, note that on November 28 the opening of MP-GAS, MI-GAS and MT-GAS will be postponed at 11.00am to safely and orderly carry on system switching operations.

In order to provide participants with an adequate time period to test the new MP-GAS, MI-GAS, MT-GAS, MGS, MPL, MGP and MI guarantees new management modalities, the GME will organise blank sessions between October 21 and October 31 according to the conditions that will be published on a specific notice.

The new versions of the ME Rules and MGAS Rules, as approved by the above provisions, as well as the corresponding updated Technical Rules, are made available below for mere information purposes.

Please note that until next November 28, the operations of the ME and MGAS will still be regulated by the provisions, published in the specific sections of the GME website.

Electricity Market Rules (containing Annex 1 – Market Participation Application; Annex 2 – Market Participation Agreement; Annex 3 – Integrated Bank Guarantee with no expiration; Annex 4 – Updating of Bank Guarantee submitted according to the Form referred to in Annex 3; Annex 5 – Integrated Bank Guarantee with expiration; Annex 6 - Updating of Bank Guarantee submitted according to the Form referred to in Annex 5)
Letter modifying the bank guarantee with no expiration
Letter modifying the bank guarantee with expiration
Letter modifying the non-interest-bearing cash deposit
Bank details communication form
ME Technical Rules
TR 3
TR 4
TR 7
TR 8
MPE TR 18
MTE TR 5


Natural-gas market Rules (containing Annex A – Market Participation Application; Annex B – Market Participation Agreement; Annex C – Integrated Bank Guarantee with no expiration; Annex D – Updating of Bank Guarantee submitted according to the Form referred to in Annex C; Annex E – Integrated Bank Guarantee with expiration; Annex F - Updating of Bank Guarantee submitted according to the Form referred to in Annex E; Annex G - Determination of the Results of the MPL and of the MGS)
Letter modifying the bank guarantee with no expiration
Letter modifying the non-interest-bearing cash deposit
Bank details communication form
MGAS guarantee distribution form

MGAS Technical Rules
TR 7
TR 12
TR 14
TR 15
TR 16
TR 17
TR 19


GUARANTEE TRANSITIONAL MANAGEMENT
Pubblication date: 07/08/2019 Completed

PRINCIPLES OF THE INTEGRATED REGULATORY RULES
10/03/2016
DCO 2/2016 PRINCIPLES OF THE INTEGRATED REGULATORY RULES (TIGSI) FOR THE GUARANTEE, INVOICING AND SETTLEMENT SYSTEM OF GME

According to this consultation document, GME aims at collecting, among its stakeholders, observations and insights about the principles and rules of the new integrated system of guarantees (hereinafter referred to as "Integrated Guarantee System") to be applied on the energy markets (ME and MGAS) and the OTC Registration Platform (PCE) (hereinafter referred to as "Markets"). The purpose of the new guarantee system is to promote, inter alia, a reduction of the costs for Market Participants incurred in providing financial guarantees necessary to trade on the markets and to facilitate the related operations through a process of simplification and streamlining of the procedures.

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Interested parties must submit their comments to GME - Relazioni Istituzionali e Comunicazione - Institutional Relations and Communication, no later than 4 April 2016, limit for expiration of this consultation, by one of the following ways:
  • e-mail: info@mercatoelettrico.org
  • fax: 06.8012-4524
  • mail: Gestore dei mercati energetici S.p.a Viale Maresciallo Pilsudski 122/124 00197 - Roma
Those wishing to safeguard the confidentiality or secrecy, in whole or in part, of the documents sent are required to specify which parts of their documents shall be treated as confidential.

Download DCO 02/2016
Pubblication date: 10/03/2016 Completed

INTEGRATED GUARANTEE MANAGEMENT SYSTEM
10/09/2014
CONSULTATION DOCUMENT 05/2014 – INTEGRATED GUARANTEE MANAGEMENT SYSTEM

With this consultation document, GME would like to gather comments among interested parties about a proposal to introduce an integrated guarantee management system within its energy markets (ME and MGAS) and OTC Registration Platform (PCE). The purpose of the system is to minimise the costs that participants incur for posting the financial guarantees required for participation in the above markets.

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Please submit your comments in writing to GME – Legale e Regolazione (Legal & Regulatory Office)  by 8 October 2014 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 80124524
by mail to:   Gestore dei mercati energetici S.p.A.
  Largo Giuseppe Tartini, 3/4
  00198 – Rome (Italy)
 
 
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 05/2014
Pubblication date: 10/09/2014 Completed

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