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Notices and Announcements

Electric Market

Notices and Announcements Electicity Markets

22/11/2023

Introduction of the Trade Cancellation procedure: approval of the Natural Gas Market Regulation


Participants are hereby informed that, with Ministerial Decree 387 of 20-11-2023, the Minister of the Environment and Energy Security, having heard the favourable opinion of the ARERA (Energy, Network and Environment Regulatory Authority) (Opinion 407/2023/I/gas) has approved the ordinary amendments to the Natural Gas Market Regulation (MGAS Regulation), made pursuant to Article 3, paragraph 3.5, of the Regulation, in order to introduce the Trade Cancellation procedure.

Therefore, starting from 28 November 2023 the participants will be able to request the activation of the Trade Cancellation procedure. At the same time, on 28 November 2023, the Technical Implementing Provision n. 21 MGAS will enter into force, with the implementation and procedural rules of the Trade Cancellation procedure, as well as the updated versions of Technical Rules n. 13 MGAS and Technical Rules n. 16 MGAS, adjusted following the changes introduced within the MGAS, here made available in advance, for information purposes only.

It must be noted also that with the same Ministerial Decree 387 of 20-11-2023, the Minister of the Environment and Energy Security, having heard the favourable opinion of the Energy, Network and Environment Regulatory Authority (Opinion 19 July 2022 341/2022/I/com), approved the urgent amendments to the MGAS Regulation and to the Integrated Text of the Electricity Market Rules (ME Regulations), entered into force on 21 March 2022, made in order to introduce transitional methods on the subject of payment regulation.

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