Market Communication: CAPACITY AVAILABILITY AT GREECE-ITALY INTERCONNECTION

Dear Market Participants,

JAO informs all stakeholders on behalf of TSOs Terna and ADMIE of the following:

13th November 2017

With reference to the notice published on 19th October 2017 on JAO website about the unavailability of the link between Italy and Greece, Terna and ADMIE inform market participants that on 25th November 2017 at 00:00 CET, the limit for curtailments of 45 equivalent days pursuant to art. 4.2 of Annex 3 of Allocation Rules for Forward Capacity Allocation will be reached on both border directions, i.e. from Italy to Greece and from Greece to Italy .

In particular, from 25th November 00:00 CET, Terna and ADMIE will guarantee, till the restoration of the HVDC cable according to the above mentioned Allocation Rules, the long-term PTRs already assigned for the year 2017.

Due to the fact that the NTC is reduced to zero during the outage period of the cable, the Daily ATC will be set also to zero and the non-nominated Long-Term (Yearly) rights for both directions will be refunded at the price of the original auction as set to art. 7.1 of Annex 3 of Allocation Rules for Forward Capacity Allocation.