ENTSO-E was officially invited by the European Commission on 19 September to begin developing a Network Code on Capacity Allocation and Congestion Management (CACM).
The organization welcomes the request and looks forward to working closely with stakeholders and interested parties over the next 12 months to produce and consult on the network code, it said in a press release.
ENTSO-E expects to consult on a draft network code about April 2012, with the deadline for providing a final version of the code by the end of September 2012.
The Network Code on CACM will set out the methods for allocating capacity in day-ahead and intra-day timescales and will outline the way in which capacity on cross border lines will be calculated. These rules will provide the basis for the implementation of a single energy market across Europe.
The code will be developed by ENTSO-E in accordance with the framework guideline developed by the Agency for the Cooperation of Energy Regulators (ACER).
Once developed and consulted on, the network code will pass through the comitology process to become an EU Regulation legally binding for all market participants.
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