Division 1 General Provisions

United Kingdom

1. 1.1Division 1.1
2. 1.2The transmission system operators shall establish an ITC fund for the purpose of compensating transmission system operators for the costs of hosting cross-border flows of electricity.
3. 1.3Contributions to the ITC Fund shall be calculated in accordance with point 6.
4. 1.4The European Regulators Group for Electricity and Gas (ERGEG) established by Commission Decision 2003/796/EC shall report to the Commission each year on the implementation of the ITC mechanism and the management of the ITC fund.
5. 1.5Transit of electricity shall be calculated, normally on an hourly basis, by taking the lower of the absolute amount of imports of electricity and the absolute amount of exports of electricity on interconnections between national transmission systems.
6. 1.6For the purposes of this part of the Annex, the net flow of electricity shall mean the absolute value of the difference between total exports of electricity from a given national transmission system to countries where the TSOs participate in the ITC Mechanism and total imports of electricity from countries where the TSOs participate in the ITC Mechanism to the same transmission system.
7. 1.7Division 1.7