Market Access

how to operate

The Electricity Market is managed through an IT system to which market participants have access via the Internet.

Access to the Electricity Market IT system takes place through security procedures characterised by digital identification tools and smart cards, designed to guarantee the authentication of the electronic signature and, therefore, the conclusion of electricity purchase contracts. The digital certificate for market access can be issued by Agid-certified certification companies and must comply with the provisions of the DigitPA Resolution - Digit PA - NO. 45 of 21 May 2009 as subsequently amended and supplemented (Commissioner Order no. 69-2010).

The market is managed from GME's trading room where all the computer equipment that allows the collection and management of transactions is installed, under conditions of maximum security.

MARKET SESSIONS

The market sessions take place at the times and according to the schedule indicated in Technical Rule n. 3 MPE.
MPEG sessions take place on weekdays (Technical Rule no. 01 ME), as specified below:

1. from 8:00 to 17:00 on D-2. If D-2 falls on a public holiday, the session will take place from 8:00 to 17:00 on the immediately preceding working day;
2. from 8:00 to 9:00 on D-1, only if that day is not a public holiday. Therefore, if day D is preceded by a public holiday, the trading session for the product with delivery on D will take place exclusively from 8:00 to 17:00 on the first working day before day D*.

* On Friday, the following products will be traded:

1. From 8:00 to 9:00 the products with delivery on Saturday;
2. From 8:00 to 17:00, the products with delivery on Sunday and the products with delivery on Monday and Tuesday (the latter product will also be traded from 8:00 to 9:00 of the session that takes place on Monday).

The MTE sessions are held from Monday to Friday, from 09:00 to 17:30, except on the second-to-last open market day of each month, when the closing time of the session is brought forward to 14:00.

The MTE sessions will not take place on the following days:

1. every Saturday
2. every Sunday
3. 1 January
4. Friday before Easter
5. Monday after Easter
6. 1 May
7. 15 August
8. 24December
9. 25 December
10. 26 December
11. 31 December

Maximum number of block bids/offers

The maximum number of block bids/offers that may be entered in each market session are as follows:

1. for the MGP: 10,000;
2. for the MI-A: 1,000.

The maximum number of block bids/offers is allocated among participants under the criteria referred to in Technical Rule no. 05 MPE.

Documents

Implementation Guide for Market Participants
MTE Implementation Guide
LTS_NS Implementation Guide
LTS_NS Platform Participant Manual
Electricity Market Guide
Vademecum to the Italian Power Exchange