Belgian Power exchange gets regulatory approval
The market operators APX, Belpex, Powernext and the the electricity system operators Elia, RTE, and TenneT have received approval for the Trilateral Market Coupling of Belgium, France and the Netherlands. The regulators of the electricity markets in Belgium, France and the Netherlands have approved the rules and the mechanism to implement market coupling between the three countries.
The market coupling between the three markets together with the launch of the Belpex Day-Ahead Market can therefore start on 21 November 2006, after the publication of the amended Dutch Grid Code, which is scheduled for mid November. The market coupling will replace the explicit daily allocation of capacities on the interconnections on the Belgian - French and the Belgian - Dutch borders.
The market coupling of APX, Belpex and Powernext will create a single electricity market in the three countries with a single price, only differing when there is insufficient interconnection capacity available on the Belgian - French or the Belgian - Dutch border. The three exchanges APX, Belpex and Powernext thereby provide a better quality of price formation and a greater liquidity in the coupled markets.
Frontier (Cologne and London) has advised APX, Belpex, Powernext, Elia, RTE, and TenneT during the application for regulatory clearance.
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