Article 7 Day-ahead and intraday markets

United Kingdom

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.

Day-ahead and intraday markets shall:

(a)

be organised in such a way as to be non-discriminatory;

(b)

maximise the ability of all market participants to manage imbalances;

F2(c)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(d)

provide prices that reflect market fundamentals, including the real time value of energy, on which market participants are able to rely when agreeing on longer-term hedging products;

(e)

ensure operational security while allowing for maximum use of transmission capacity;

(f)

be transparent while at the same time protecting the confidentiality of commercially sensitive information and ensuring trading occurs in an anonymous manner; F3and

F4(g)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(h)

be organised in such a way as to ensure that all markets participants are able to access the market individually or through aggregation.

Annotations

Textual amendments

F1: Art. 7(1) substituted (E.W.S.) (31.12.2020) by The Electricity and Gas (Internal Markets and Network Codes) (Amendment etc.) (EU Exit) Regulations 2020 (S.I. 2020/1006), reg. 1(2), Sch. 4 para. 7(2)
F2: Art. 7(2)(c) omitted (E.W.S.) (31.12.2020) by virtue of The Electricity and Gas (Internal Markets and Network Codes) (Amendment etc.) (EU Exit) Regulations 2020 (S.I. 2020/1006), reg. 1(2), Sch. 4 para. 7(3)(a)
F3: Word in Art. 7(2)(f) inserted (E.W.S.) (31.12.2020) by The Electricity and Gas (Internal Markets and Network Codes) (Amendment etc.) (EU Exit) Regulations 2020 (S.I. 2020/1006), reg. 1(2), Sch. 4 para. 7(3)(b)
F4: Art. 7(2)(g) omitted (E.W.S.) (31.12.2020) by virtue of The Electricity and Gas (Internal Markets and Network Codes) (Amendment etc.) (EU Exit) Regulations 2020 (S.I. 2020/1006), reg. 1(2), Sch. 4 para. 7(3)(c)