ITALYS POWER EXCHANGE IN A EUROPEAN CONTEXT

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ITALYS POWER EXCHANGE IN A EUROPEAN CONTEXT

• Salvatore Zecchini
• President
• IPEX - GESTORE DEL MERCATO ELETTRICO (GME)

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• Indicators of liberalization degree by
• TSO independent from electricity producers
• Independent authority with wide-ranging powers
• Market share of leading producer lt 50

Advanced1 liberalization
Average2 liberalization
Limited3 liberalization
1 Advanced liberalization all criteria are
satisfied. 2 Average liberalization 2 criteria
over 3 are satisfied. 3 Limited liberalization
only 1 criterion is satisfied (or none).
Source Enel
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Powers Attributed to Regulatory Authorities

• Indipendence from executive power

• Setting of network entry tariffs

• Setting of selling tariffs

• Control over storage gas access

• Promotion of competition

• Power to impose fines on market operators

• Definition of public utility service obligations
  and quality standards

Source Enel
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Day Ahead Electricity Markets Data
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Standard Member Fees Schedule Day Ahead Market
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Profitability Indicators (year 2005)
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Incumbent Position in National European Markets
Market Share () of the leading producer over
domestic consumption, net of exports (year 2005)
EU-25 Electricity generation market (year 2005)
Others
Source Enel
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Electricity Average Monthly Prices
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Electricity Exchange Flows Exports (TWh)
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