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The French NRA, Commission de Régulation de l’Énergie, gave a favorable view on the new IFA2 splitting rules for 2021.
The French NRA, Commission de Régulation de l’Énergie, gave a favorable view on the new IFA2 splitting rules for 2021.
IFA2 go-live, that was initially expected for late 2020, was delayed to 22th January 2021 due to some technical incidents. On top of that, more maintenance work is planned for April and May 2021.
Those planned outages made impossible the sale of several long term capacity products and following the applicable splitting rules for IFA2 would have meant allocating this unsold capacity in the day ahead market.
In order to satisfy the needs of Market Participants for having more long term products, new splitting rules that increase the capacity offered in long term have been submitted and approved by CRE.
Those rules will only be applicable in 2021. From 2022 onwards, IFA2 splitting rules as defined by CRE deliberation of 5th March 2020 will apply.
Details on the new IFA2 auction schedule for 2021 can be found here.
If you have any queries or require further assistance, please contact marketservices@rte-france.com or your usual account manager.
April 19, 2021