"Market time unit" means the period for which the market price is established or the shortest possible common time period for the two bidding zones, if their market time units are different (Article 2(19) of the Regulation 543/2013 of 14 June 2013 on submission and publication of data in electricity markets).
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9 November 2020
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Market time unit within the bidding zone is understood to be equal to the imbalance settlement period as defined in the Commission Regulation (EU) 2017/2195 of 23 November 2017 establishing a guideline on electricity balancing (Annex I to the Decision of Agency of Cooperation of Energy Regulation No 04/2018 of 24 April 2018 on all Transmission System Operators’ Proposal for Intraday Cross-Zonal Gate Opening and Intraday Cross-Zonal Gate Closure Times, p. 4).
Nominated Electricity Markets Operators (NEMOs) must “provide market participants with the opportunity to trade in energy in time intervals which are at least as short as the imbalance settlement period for both day-ahead and intraday markets” (Article 8(2) of the Regulation (EU) 2019/943).
Regulatory chronicle
9 November 2020
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Documentation |
Regulation 543/2013 of 14 June 2013 on submission and publication of data in electricity markets, Article 2(19)
Electricity Balancing Network Code (Commission Regulation (EU) 2017/2195 of 23 November 2017 establishing a guideline on electricity balancing)
Decision of Agency of Cooperation of Energy Regulation No 04/2018 of 24 April 2018 on all Transmission System Operators’ Proposal for Intraday Cross-Zonal Gate Opening and Intraday Cross-Zonal Gate Closure Times, Annex I
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