Commission Regulation (EU) 2017/460 CHAPTER V — PRICING OF BUNDLED CAPACITY AND CAPACITY AT VIRTUAL INTERCONNECTION POINTS

Article 21–Article 22 · 2 articles

Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗

Pricing of bundled capacity

Article 21

1. The reserve price for a bundled capacity product shall be equal to the sum of the reserve prices for the capacities contributing to such product. The reserve prices for corresponding entry and exit capacities shall be made available when the bundled capacity product is offered and allocated by means of a joint booking platform referred to in Article 37 of Regulation (EU) 2017/459. 2. The revenue originating from the bundled capacity product sales corresponding to the reserve price for such product shall be attributed to the respective transmission system operators as follows: (a) after each transaction for a bundled capacity product; (b) in proportion to the reserve prices for the capacities contributing to such product. 3. The auction premium originating from the bundled capacity product sales shall be attributed in accordance with the agreement between the respective transmission system operators which is subject to the approval by the national regulatory authority or authorities to be granted no later than three months before the start of the annual yearly capacity auctions. In absence of such approval by all national regulatory authorities involved, the auction premium shall be attributed to the respective transmission system operators equally. 4. Where the interconnection point concerned connects adjacent entry-exit systems of two Member States, the respective national regulatory authorities shall submit the agreement referred to in paragraph 3 to the Agency for information.

Pricing of capacity at a virtual interconnection point

Article 22

1. The reserve price for an unbundled standard capacity product offered at a virtual interconnection point shall be calculated in accordance with either of the following approaches: (a) calculated on the basis of the reference price, where the applied reference price methodology allows for taking into account the established virtual interconnection point; (b) equal to the weighted average of the reserve prices, where such average is calculated on the basis of the reference prices for each interconnection point contributing to such virtual interconnection point, where the applied reference price methodology does not allow for taking into account the established virtual interconnection point, in accordance with the following formula: Where: P st, VIP is the reserve price for a given unbundled standard capacity product at the virtual interconnection point; i is an interconnection point contributing to the virtual interconnection point; n is the number of interconnection points contributing to the virtual interconnection point; P st, i is the reserve price for a given unbundled standard capacity product at interconnection point i; CAP i is technical capacity or forecasted contracted capacity, as relevant, at interconnection point i. 2. The reserve price for a bundled standard capacity product offered at a virtual interconnection point shall be calculated as set out in Article 21(1).

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