Regulatory Alerts2013-08-09
Resolution of 1 August 2013 approving the rules for the daily and intraday electricity production markets and changing the daily market closing time
The Spanish State Secretariat for Energy approved the operational rules for the daily and intraday electricity production markets and mandated a shift in the daily market closing time to 12:00 CET to align with European market coupling initiatives. This resolution establishes an effective entry into force date of 15 October 2013, following a mandatory testing period, to facilitate integration with the North-West Europe region. The document details the legal basis, regulatory procedures, and specific operational rules governing market agents, offer verification, clearing processes, and financial settlements.
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