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1/8/2018 Approval of the methodology according to the CACM Regulation

On 26 July 2018, the Agency for the Cooperation of Energy Regulators (ACER) approved in accordance with the CACM Regulation the Methodology for the price coupling algorithm and the continuous trading matching algorithm also incorporating a common set of requirements: Methodology for the price coupling algorithm and for the continuous trading matching algorithm.pdfCommon set of requirements for the price coupling algorithm.pdfCommon set of requirements for the continuous trading matching algorithm.pdf.

The methodology includes the rules for development and maintenance of the price coupling algorithm and the continuous trading matching algorithm. It also covers the requirements that both algorithms must meet.

The methodology was prepared and approved by the NEMO Committee and in cooperation with the relevant TSOs on the basis of the request for change NEMO received from all NRAs in August 2017. On 13 November 2017, NEMO submitted the amended proposal for approval in accordance with the requirements of the CACM Regulation. In the next step the proposal was submitted by all national regulators to the Agency for the Cooperation of Energy Regulators (ACER) in January 2018. Besides the amendments to improve the legal clarity of the document, the Agency impose more concrete and legally enforceable requirements on NEMOs with regard to their obligations to develop the algorithms and with regard to the underlying rules for monitoring and changing the algorithms.