23.2.2022
EN
Official Journal of the European Union
L 42/95
(b) Option 2: priority price taking buying or selling orders for the whole local load and generation of Crete will be submitted by HEnEx on behalf of load representatives in accordance with their supply percentage ratio calculated ex ante on a monthly basis by HEDNO S.A. and on behalf of thermal producers reflecting the energy schedules determined by IPTO S.A. on the basis of the results of a simplified dispatch schedule, and by DAPEEP for forecasted renewables electricity.
Financial settlement of imbalances would be charged ex post to Cretan market parties, on the basis of comparison between the schedule of the interconnector and the metered flow, and a sharing key computed by HEDNO S.A. (18)
During the public consultation performed by RAE, 11 contributions were submitted (10).
On the basis of the results and the request of the majority of the respondents to minimise the financial impact of the option to be implemented, as regards the required financial guarantees and collaterals, RAE selected in June 2021 the implementation of Option 2.
(19)
In order to implement Option 2 hybrid model for the operation of the Cretan electricity wholesale market and electricity balancing, applicable to the transitional period, Greece requests a derogation from certain requirements set out in Regulation (EU) 2019/943 and Directive (EU) 2019/944, as regards the Crete system.
3.1.
Derogation pursuant to Article 64 of Regulation (EU) 2019/943 (20)
Greece considers that the proposed hybrid model complies with the principles governing the operation of the electricity markets, as provided for by Article 3 of Regulation (EU) 2019/943.
For that reason, the requested derogations do not include Article 3 of that Regulation.
3.1.1.
Article 6 of Regulation (EU) 2019/943 (21)
Article 6 of Regulation (EU) 2019/943 sets out the rules for the balancing market.
Greece requests a derogation from that Article as regards Crete in view that no balancing market will be operated in the hybrid model.
3.1.2.
Article 7(1) of Regulation (EU) 2019/943 (22)
Article 7(1) of Regulation (EU) 2019/943 refers to the organisation of the management of the integrated day-ahead and intraday markets by transmission system operators (TSOs) and nominated electricity market operator (NEMOs), in accordance with Commission Regulation (EU) 2015/1222 (11).
Greece requests a derogation from that Article as regards Crete, as no intraday and day-ahead market will be operated in the hybrid model.
3.1.3.
Article 8(1) and (4) of Regulation (EU) 2019/943 (23)
Article 8(1) of Regulation (EU) 2019/943 sets the obligation for NEMOs to allow market participants to trade energy up to the intraday cross-zonal gate closure time.
Article 8(4) of that Regulation sets the obligation to set out the imbalance settlement period to 15 minutes in all scheduling areas.
Greece requests a derogation from those Articles as regards Crete in view that the hybrid model does not include day-ahead and intraday trade, nor include a 15 minutes imbalance settlement period for Crete.
3.1.4.
Article 9 of Regulation (EU) 2019/943 (24)
Article 9 of Regulation (EU) 2019/943 refers to forward markets.
Greece requests a derogation from that Article as regards Crete in view that no forward markets will be operated in the hybrid model.
(10) Non confidential responses are available on RAE’s website.
(11) Commission Regulation (EU) 2015/1222 of 24 July 2015 establishing a guideline on capacity allocation and congestion management (OJ L 197, 25.7.2015, p. 24).