Article 48–Article 50 · 3 articles
Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗
Establishment
1. All TSOs shall ensure that the single allocation platform is operational and complies with the functional requirements specified in Article 49 within 12 months after the approval of the proposal for a common set of requirements and for the establishment of the single allocation platform. The competent regulatory authorities may extend this period upon request from the relevant TSOs due to delays relating to public procurement procedures by a period of no more than 6 months.
2. Forward capacity allocations on Direct Current interconnectors shall take place on the single allocation platform no later than 24 months after the approval as referred to in paragraph 1.
Functional requirements
1. Within six months after the entry into force of this Regulation, all TSOs shall submit to all regulatory authorities a common proposal for a set of requirements and for the establishment of the single allocation platform. The proposal shall identify different options for the establishment and governance of the single allocation platform, including the development by TSOs or by third parties on their behalf. The proposal by TSOs shall cover the general tasks of the single allocation platform provided for in Article 50 and the requirements for cost recovery in accordance with Article 59.
2. The functional requirements for the single allocation platform shall at least include:
(a)
the expected bidding zone borders to be covered;
(b)
the technical availability and reliability of provided services;
(c)
the operational processes;
(d)
the products to be offered;
(e)
the forward capacity allocation time frames;
(f)
the allocation methods and algorithms;
(g)
the principles of financial settlement and risk management of allocated products;
(h)
a harmonised contractual framework with market participants;
(i)
the data interfaces.
General tasks
The relevant TSOs shall use the single allocation platform, at least, for the following purposes:
(a)
the registration of market participants;
(b)
providing a single point of contact to market participants;
(c)
the operation of auction procedures;
(d)
the financial settlement of allocated long-term transmission rights with market participants, including management of collaterals;
(e)
the cooperation with a clearing house, if required by the common rules for the implementation of FTRs — obligations pursuant to Article 34;
(f)
the organisation of a fallback procedure pursuant to Article 42 and 46;
(g)
enabling the return of long-term transmission rights pursuant to Article 43;
(h)
facilitating the transfer of long-term transmission rights pursuant to Article 44;
(i)
the publication of market information pursuant to Article 47;
(j)
providing and operating interfaces for data exchange with market participants.
Source: EUR-Lex (Publications Office of the EU), © European Union, reuse permitted under Commission Decision 2011/833/EU.
