Day-ahead firmness deadline (DAFD)
European Union Electricity Market Glossary

 


 

 

'Day-ahead firmness deadline' (DAFD) means the point in time after which cross-zonal capacity becomes firm (Article 2(35) of the Regulation establishing a Guideline on Capacity Allocation and Congestion Management - CACM (Regulation on market coupling).

 

 

Recital 12 of the Network Code on Forward Capacity Allocation

 

Caps on the compensation to be paid to holders whose long-term transmission rights have been curtailed before the day-ahead firmness deadline may be introduced, taking into the account the liquidity of the relevant markets and the possibility for market participants to adjust their positions.

 

The DAFD is proposed to be half an hour before the day-ahead market gate closure time (All TSOs' proposal for the day-ahead firmness deadline (DAFD) in accordance with Article 69 of the Commission Regulation (EU) 2015/1222 of 24 July 2015 establishing a guideline on capacity allocation and congestion management, 07 April 2016), which is in accordance with the time-limit established in Article 69 of the CACM.

 

A single DAFD allows having a common firmness principle for the whole European Union.

 

For this purpose, Article 69 of the CACM Regulation requires all Transmission System Operators (TSOs) to develop a single pan-European DAFD.

 

In effect, the same deadline will apply to all market participants across all capacity calculation regions and all market participants will have the same time to adapt their positions, if needed.

 

 

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Last Updated on Thursday, 16 March 2017 13:36
 

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