OPCOM

The Core Flow-Based Market Coupling project finished all main deliverables in preparation of the go-live on 8 June 2022

Amsterdam, Berlin, Bucharest, Budapest, Bratislava, Brussel, Ljubljana, Luxemburg, Paris, Prague, Vienna, Warsaw, Zagreb
31/05/2022

With great pleasure the Core Flow-Based Market Coupling project parties announce that the project finished all main deliverables and initiated the final preparations towards the go live of the Core Flow-Based Market Coupling on 08/06/2022, first trading day for delivery on 09/06/2022. The design and procedures are now fully tested, and all required contracts are concluded as well. Project parties are confident to provide a robust and stable system.

Market participants who would like to follow closer the project development are invited to join the Core Consultative Group (CCG) by sending an email to CoreCG@magnus.nl in order to be included in the mailing list and invitations to CCG meetings.

Communication channels

Next to the CCG a Question & Answer Forum for the Core FB MC project is in place. The Forum is available under the Core FB MC section on the JAO website, ie. www.jao.eu. Project parties invite all market participants to use this Forum for their queries.

About the Day-Ahead Flow-Based Market Coupling project in the Core CCR

The Core Flow-Based Market Coupling (Core FB MC) project promotes the development and implementation of a flow-based day-ahead market coupling across the whole Core capacity calculation region (Core CCR) in the framework of the Single Day-Ahead Coupling (SDAC). The Core CCR consists of the bidding zone borders between the following EU Member States’ bidding zones: Austria, Belgium, Croatia, the Czech Republic, France, Germany, Hungary, Luxemburg, the Netherlands, Poland, Romania, Slovakia and Slovenia.

Market integration is core to the energy transition

The energy transition towards a carbon free electricity supply is a European challenge that requires the use of the European electricity system to the full extend. Weather- dependent supply and increasing demand response will lead to a different and more intense use of the grid. The Core market integration process is aiming to create operational preconditions to optimise the use of the system from a regional perspective and make the single European market a reality.

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About OPCOM

OPCOM is the Romanian Electricity and Gas Market Operator. Since 2000, OPCOM has been committed to strengthen a marketplace where energy and environmental certificates are traded in conditions of transparency and integrity. Today, the trading portfolio offered by OPCOM ranges from electricity products to gas products, as well as green certificates. More than 900 companies are using the products available for trading on short-term electricity, gas and green certificates markets as well as on term markets for electricity, gas and green certificates bilateral contracts. In addition to this role, OPCOM is responsible for settlement of the transactions concluded on short-term energy markets, Balancing Market as well as the Imbalances of the Balancing Responsible Parties. OPCOM also manages the Green Certificates Register. Today, OPCOM is acting as Registered Reporting Mechanism under REMIT managing more than 480 reporting agreements on its electricity and gas markets. OPCOM was designated by the Romanian Energy Regulatory Authority as Nominated Electricity Market Operator (NEMO) in accordance with the Regulation (EU) 2015/1222 for fulfilling tasks related to the coupling of the day-ahead and intraday markets.

OPCOM applies the Quality Management System complying with ISO 9001 - SR EN ISO 9001, respectively the Information Security Management System complying with ISO/IEC 27001 - SR EN ISO/IEC 27001, both systems being certified by Lloyd's Register LRQA.

For more information about OPCOM, please visit us at www.opcom.ro

Communication note 31.5.2022