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Leading service provider for Transmission System Operators (TSOs) in the European electricity market.

Through our single trading platform we auction cross-border transmission capacity rights. We also provide accounting (clearing and settlement), contracting, reporting, project support and IT services.

 

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Auctions

On behalf of TSOs, we organize long and short-term auctions of transmission capacity rights.

We offer the following products: yearly, seasonal, quarterly, monthly, weekly, daily and intraday.

Auction results Auction calendar
OPS
  • 470+
    Registered Market Participants
  • 20k+
    Auctions per year
  • 100 %
    Auction Tool Availability
  • 95
    Employees
  • 50
    TSOs serviced

Latest market messages

Capacity Curtailment on the SI-IT border for delivery date 20-07-2024

by JAO

1. TSO(s)*:

2. Identification of affected Long Term Transmission Rights:

SI-IT

3. Triggering event:

Curtailment to ensure operation remains within Operational Security Limits

4. Affected volume in MW / hour for each concerned period:

20-07-2024 15:00 - 16:00 300 MW

20-07-2024 16:00 - 17:00 300 MW

20-07-2024 17:00 - 18:00 300 MW

5. Amount of LTTR remaining after curtailment:

20-07-2024 15:00 - 16:00 185 MW

20-07-2024 16:00 - 17:00 185 MW

20-07-2024 17:00 - 18:00 185 MW

6. Information on exact operational security limit(s) that are expected to be violated in the absence of curtailment*:

7. Why alternative measures are not sufficient to avoid the expected violation of operational security limit(s)*?

*According to section 57.3 of the EU HAR, this field can be filled in within 24 hours after the initial publication

Capacity Curtailment on the AT-IT border for delivery date 20-07-2024

by JAO

1. TSO(s)*:

2. Identification of affected Long Term Transmission Rights:

AT-IT

3. Triggering event:

Curtailment to ensure operation remains within Operational Security Limits

4. Affected volume in MW / hour for each concerned period:

20-07-2024 09:00 - 10:00 402 MW

20-07-2024 10:00 - 11:00 402 MW

20-07-2024 11:00 - 12:00 402 MW

20-07-2024 12:00 - 13:00 402 MW

20-07-2024 13:00 - 14:00 402 MW

20-07-2024 14:00 - 15:00 402 MW

20-07-2024 18:00 - 19:00 402 MW

20-07-2024 19:00 - 20:00 402 MW

20-07-2024 20:00 - 21:00 402 MW

20-07-2024 23:00 - 24:00 402 MW

5. Amount of LTTR remaining after curtailment:

20-07-2024 09:00 - 10:00 367 MW

20-07-2024 10:00 - 11:00 367 MW

20-07-2024 11:00 - 12:00 367 MW

20-07-2024 12:00 - 13:00 313 MW

20-07-2024 13:00 - 14:00 313 MW

20-07-2024 14:00 - 15:00 313 MW

20-07-2024 18:00 - 19:00 366 MW

20-07-2024 19:00 - 20:00 366 MW

20-07-2024 20:00 - 21:00 366 MW

20-07-2024 23:00 - 24:00 373 MW

6. Information on exact operational security limit(s) that are expected to be violated in the absence of curtailment*:

7. Why alternative measures are not sufficient to avoid the expected violation of operational security limit(s)*?

*According to section 57.3 of the EU HAR, this field can be filled in within 24 hours after the initial publication

Capacity Curtailment on the FR-IT border for delivery date 20-07-2024

by JAO

1. TSO(s)*:

2. Identification of affected Long Term Transmission Rights:

FR-IT

3. Triggering event:

Curtailment to ensure operation remains within Operational Security Limits

4. Affected volume in MW / hour for each concerned period:

20-07-2024 12:00 - 13:00 2816 MW

20-07-2024 13:00 - 14:00 2816 MW

20-07-2024 14:00 - 15:00 2816 MW

5. Amount of LTTR remaining after curtailment:

20-07-2024 12:00 - 13:00 2527 MW

20-07-2024 13:00 - 14:00 2527 MW

20-07-2024 14:00 - 15:00 2527 MW

6. Information on exact operational security limit(s) that are expected to be violated in the absence of curtailment*:

7. Why alternative measures are not sufficient to avoid the expected violation of operational security limit(s)*?

*According to section 57.3 of the EU HAR, this field can be filled in within 24 hours after the initial publication

Key Changes Under REMIT 2.0

by JAO

Dear Market Participants,

We are writing to inform you of important updates to the Regulation of Wholesale Energy Market Integrity and Transparency (REMIT 2.0) that will impact your obligations.

Key Changes Under REMIT 2.0:

  1. New and Expanded Definitions: REMIT 2.0 introduces several new and expanded definitions that clarify various aspects of the regulation. It is important for you to familiarize yourself with these changes to ensure compliance.
  2. Disclosure of Inside Information: All market participants (MPs) are now required to disclose inside information through an Inside Information Platform (IIP). This is a crucial step in maintaining market transparency integrity.
  3. Algorithmic Trading: The regulation now includes specific provisions regarding algorithmic trading. If you are engaged in algorithmic trading, please review these new requirements to ensure your practices are compliant.
  4. Data collection: Enhanced data collection requirements are now in place. This includes more comprehensive reporting obligations to ensure regulatory oversight and market transparency.
  5. Registration of MPs resident or established in third countries: MPs who are resident or established in third countries are now required to designate a representative within the EU. Please note the deadline for this designation is November 8th, 2024.

We would suggest you to:

  • Review the new definitions and requirements: Ensure that you and your team understand the new and expanded definitions and other requirements under REMIT 2.0.
  • Designate an EU representative: If applicable, MPs that are resident or established in third countries shall ensure the designation of a representative within EU by the 8th of November 2024. Please note that NRA registration and designated representative shall be in the same EU country.
  • Update disclosure practices: Ensure that all inside information is disclosed through appropriate IIP.
  • Evaluate algorithmic trading practices: Review and, if necessary, adjust any algorithmic trading activities to comply with the new provisions.

We understand that these changes may require adjustments to your current practices. If you have any questions or need further clarification on any aspect of the revised regulation, please make sure to contact the Agency for the Cooperation of Energy Regulators (ACER) in a timely manner to ensure compliance under REMIT 2.0.

More information can be found in the ACER Open Letter

Best regards,

JAO Operations

RTE announces NEW Yearly 2025 auction on the FR-IT border 19-09-2024

by JAO

Dear market participants,

We are pleased to inform you that for the business year 2025 an additional yearly auction will be held for long-term transmission rights (LTTR) on the FR-IT border. This auction does not replace the ones held regularly in December. It is intended as an additional opportunity for market operators to anticipate the procurement of LTTR.

The auction will open on 19th of September 2024 13:50 and it will last for one week, closing on 26th September 13:50.

Please note the following information for this particular auction:

  • This first auction’s yearly product will amount to 300 MW in the direction FR to IT.
  • This first auction’s yearly product will only be offered in the FR to IT direction (annual product IT to FR will only be auctioned in the December auction).
  • No reductions will be applied to this product (Base flat product).

Apart from the abovementioned specifics, the auction will follow the same rules as the regular yearly auction of December.

If you have any questions or remarks, please submit them to csc@terna.it or marion.gauteur@rte-france.com by 8th of August.

2024 Auction Calendar update

by JAO

Dear Market Participants,

We would like to inform you that as per TSOs request, the 2024 Auction Calendar has been updated on the corridor FR-IT.

For more details please refer to the Auction Calendar on our webpage http://www.jao.eu/auctions#/calendar/table to find its latest version.

Best regards,

JAO Operations Team

Capacity Curtailment on the CH-IT border for delivery date 19-07-2024

by JAO

1. TSO(s):

SWISSGRID

2. Identification of affected Long Term Transmission Rights:

CH-IT

3. Triggering event:

Curtailment to ensure operation remains within Operational Security Limits

4. Estimated duration and affected volume in MW / hour for each concerned period:

19-07-2024 15:00 - 16:00 2442 MW

19-07-2024 16:00 - 17:00 2442 MW

19-07-2024 17:00 - 18:00 2442 MW

5. Estimated duration and amount of LTTR remaining after curtailment:

19-07-2024 15:00 - 16:00 2381 MW

19-07-2024 16:00 - 17:00 2381 MW

19-07-2024 17:00 - 18:00 2381 MW

IT

About us

We started as a shared auction platform for transmission capacity across Central Western Europe in 2008. Over time, we became the operator of the Single Allocation Platform and therefore the leading trading platform for European Transmission System Operators.

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