Historical Development of the Market Codes
A brief historic introduction
Market rules’ development started in 2011, when ACER drafted the Framework Guidelines on Capacity Allocation and Congestion Management for electricity (adopted on 29 July 2011).
The development of the Electricity Balancing Regulation started the same year, when ACER drafted the Framework Guidelines on Electricity Balancing (adopted on 18 September 2012).
The Framework Guidelines set the foundations for the forthcoming development of the Network Codes on Capacity Allocation and Congestion Management, Forward Capacity Allocation and on Electricity Balancing.
The process
Based on these Guidelines, ENTSO-E developed the three Network Codes, which were submitted to ACER for opinion and revised, if needed.
As a last step, ACER issued a recommendation to the European Commission to adopt them subject to specific amendments. Following this recommendation, the European Commission further revised the network codes, and finally adopted them as Commission Guidelines.
Respectively:
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The CACM Regulation was adopted by the European Commission in July 2015 and entered into force in August 2015
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The FCA Regulation was adopted in September 2016 and entered into force in October 2016
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The EB Regulation was adopted in November 2017 and entered into force in December 2017.
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Step |
CACM Regulation |
FCA Regulation |
EB Regulation |
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ACER adopts Framework Guidelines |
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ENTSO-E submits the Network Code to ACER |
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ACER adopts the Opinion on the Network Code |
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ENTSO-E resubmits the amended Network Code |
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ACER adopts Recommendation on the Network Code |
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ACER provides Recommendation on reasoned amendments to the Regulation (CACM 2.0) |
20 December 2022 |
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