Consultations/Rules amendments

GME has published the Consultation Document 2/2023 with a view to gathering comments on the proposal to introduce a GO Bulletin Board as part of its P-GO systems. GME has formulated the proposal in compliance with article 5, para. 3 of Decree of the Minister of Environment and Energy Security no. 224 of 14 July 2023 (implementing article 46 of Legislative Decree no. 199 of 8 November 2021 on Guarantees of Origin).

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Interested parties are invited to send in their comments in writing to “GME – Governance”

• email info@mercatoelettrico.org

within 18 December 2023 (end date of the consultation) at the latest.

Comments must be transmitted by using the Excel template attached to this consultation document. Comments transmitted in other formats will not be accepted.

Parties wishing to keep all or part of their comments confidential should specify which part of their comments are to be kept confidential.

DCO 2/2023

Answer Template

Following the communication published by GME on 10/11/2023 market participants are informed that, as of today, with the publication on our website, the amendments to the “Rules Governing the Operation of the Regulated Market and of the Platform for Registration of Bilaterals of Guarantees of Origin” (P-GO Rules) have entered into force. The P-GO Rules have been amended in order to: i) implement the provisions of the Decree of the Minister of Environment and Energy Security no. 224 of 14 July 2023 (Decree); ii) introduce the provisions referred to in point 5) of ARERA Resolution 496/2023/R/COM of 31 October 2023.

In particular, the amendments are aimed at introducing, within the P-GO systems (M-GO/PB-GO), the activities of trading and registration of the additional types of GOs for electricity and gas, including biomethane, introduced by the above-mentioned Decree, as well as at specifying the amendment procedure in case of compliance to binding legal and/or regulatory provisions.

As of today, the updated versions of Technical Rules nos 02, 03, 05, 06 and 07, i.e. the implementing and procedural provisions of the P-GO Rules, have also entered into force. These updated versions of the Technical Rules fully replace the previous versions published on GME website.

With this consultation document (Consultation Document 8/2014), GME intends to gather comments and suggestions from interested parties about some changes to the provisions of the Rules and Regulations governing its markets and platforms. The proposed changes are focused on: the disciplinary measures that GME adopts in case of breaches of the Rules and Regulations by participants; the requirements for participation in/suspension/exclusion from the market/s; and the provisions regarding the resolution of complaints about market operations.
Considering that the above provisions have a cross-cutting nature within the different markets/platforms that GME organises and manages, apart from obvious differences related to the specificity of each market, GME plans to globally revise the Rules/Regulations, with a view to achieving a structured and homogeneous regulatory setting to the benefit, among others, of participants active on the different markets/platforms.
Interested parties are invited to send their comments in writing to GME’s Institutional Relations & Communication - “Relazioni Istituzionali e Comunicazione”- by 11 December at the latest (end date of the consultation) in one of the following ways:

·  by e-mail to: info@mercatoelettrico.org
·  by fax to: +39-06-8012 4524
·  by mail to: Gestore dei mercati energetici S.p.A.
                     Largo Giuseppe Tartini, 3/4
                     00198 – Roma

If you want us to keep all or part of your comments confidential, please specify which parts of your document are to be kept confidential.

Download Consultation Document 8/2014

We inform you that GME has completed all the activities needed for the transition from the RECO certification system to the GO (Guarantee of Origin) system, in compliance with article 31, para. 1 of the Ministerial Decree of 6 July 2012.
As of today, GME’s platforms for the trading of Guarantees of Origin, previously called Renewable-Energy Certificates of Origin (RECOs), are again operational.
After the updating of the applicable legislation and GSE’s publication of the procedure for identifying renewable power plants and issuing and managing guarantees of origin, GME made amendments and additions to the Rules governing the regulated market and the platform for registering bilaterals of guarantees of origin, as well as to the related Technical Rules.
The main changes are outlined below.
The Renewable-Energy Certificates of Origin (RECOs) are now called “Guarantees of Origin” (GOs) and are valid for one year.
As regards the GO Market (M-GO), the new order books divide the GOs by year, by type and also by generation period, as follows:
- “GOs January” pertaining to the month of January of the year “y” and valid 12 months beginning from the generation period;
- “GOs February” pertaining to the month of February of the year “y” and valid 12 months beginning from the generation period,
- “GOs Other months” pertaining to the remaining months of the year “y” and valid until 31 March “y+1”.
As regards the platform of GO bilaterals (PB-GO), participants may - upon registration of transactions on GME’s platform - select other fields in addition to the previously available ones, e.g. generation country, generation period (month “from” … “to” ….), RECS attribute and possible support received for generation.
Parties wishing to trade foreign GOs in the Italian market must open an ownership account within GSE’s GO Registry and transfer the amount of GOs to be traded in GME’s regulated market to their account through GSE’s GO information portal.
The first session of the M-GO will be held on 19 September.
For further details, go the “Guarantees of Origin” section of GME’s website

We inform you that, today, Gestore dei mercati energetici (GME) will launch its two P-RECO platforms, in compliance with art. 6, paras. 6.6 and 6.7 of Decision ARG/elt/104/11, adopted by Autorità per l’Energia Elettrica e il Gas (AEEG).