MIBEL has been successfully synchronised with the North-West Europe Region

MIBEL has been successfully synchronised with the North-West Europe Region2018-08-02T15:49:28+00:00

Date: 05/02/2014

This project takes place within the context of the activities carried out in order to achieve the full coupling between MIBEL -Iberian Electricity Market- and the North-West Europe Región markets.

Since 4th February, the matching of the day-ahead market is performed applying the procedures set forth by the Price Coupling of Regions –PCR- initiative.

This implies the launch of a project that involves the coordination of four Power Exchanges and thirteen Transmission System Operators of Europe.

The synchronization was carried out in the matching of 4th February for delivery on 5th February. In this first phase, the PCR will run without considering the capacity of the French-Spanish interconnection. In parallel, day-ahead explicit auctions will be carried out in that interconnection.