ACER refuses to approve the TSOs’ proposal proposal for amendment of the harmonised allocation rules for long-term transmission rights and concludes that:

market coupling lower price higher price- an introduction of a cap for LTTRs remuneration is not an appropriate solution to address the malfunctioning of shadow auctions (it is suggested to improve communication with the market participants and to train them more for being ready for such events); 

- the remuneration of LTTRs should be equal to the market spread to foster the efficiency of the LTTRs themselves;

- the hedging opportunities for market participants should be provided in full scope and should not be limited by a potential application of a cap.

From the perspective of a uniform, cross-zonal European electricity market it seems to be the right decision.


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