2021 LTTR on UK borders

Dear Market Participants,

Following the communication on 9th of July 2020 from the commission to the European parliament about readiness at the end of the transition period between the European Union and the United Kingdom on 1st of January 2021*, we would like to remind you that from this date, Great Britain exiting the Internal Energy Market (IEM), would mean that the Long Term Transmission Rights (LTTR) would no longer be governed by the Harmonised Allocation Rules for long-term transmission rights in accordance with Article 51 of Commission Regulation (EU) 2016/1719 of 26 September 2016 establishing a Guideline on Forward Capacity Allocation.

As you may be aware, LTTR for IFA1 (FR-GB), IFA2 (FR-GB), Britned (NL-GB) and NemoLink (BE-GB) will then be governed by non-IEM rules, available on our website under the auction rules section. In order to ensure business continuity, we would advise all market participants that are either LTTR holder of 2021 capacity or that intend to participate in GB auctions to accept the relevant non-IEM rules by updating the attachment 1 through the participation agreement amendment.

Please note that this will become a mandatory requirement given the now high probability that GB will no longer participate in the IEM beyond 31st December 2020.  Therefore, if not already done so, we invite you to sign the relevant participation agreements.

More details on interconnector specific requirements will be shared shortly.

Additionally, we invite you to follow up closely on Brexit communications of the competent authorities for more information.

Best regards,

Operations Team

* https://ec.europa.eu/info/sites/info/files/brexit_files/info_site/com_2020_324_2_communication_from_commission_to_inst_en_0.pdf