Paragraph 7

(1)

Article 7 (day-ahead and intraday markets) is amended as follows.

(2)

For paragraph 1 substitute—

“1.

Transmission system operators must organise the management of the day-ahead and intraday markets. Transmission system operators must cooperate, so far as possible, at a regional level in order to maximise the efficiency and effectiveness of electricity day-ahead and intraday trading. The obligation to cooperate is without prejudice to the application of competition law. In their functions relating to electricity trading, transmission system operators are to be subject to regulatory oversight by the regulatory authority.”.

(3)

In paragraph 2—

(a)

omit point (c);

(b)

in point (f), at the end insert “and”;

(c)

omit point (g), and the “and” at the end.