The European Power Exchange EPEX SPOT, which operates the power spot markets for France, Germany, Austria and Switzerland (Day-Ahead and Intraday), and the Swissgrid AG, the Switzerland’s national Grid Company, started cooperating with the aim to be ready to launch day-ahead market coupling projects in cooperation with other neighboring Transmission System Operators. EPEX SPOT and Swissgrid will cooperate in day-ahead Market Coupling projects on Swiss borders, including the present activities on the Italian Border Market Coupling Initiative as well as future initiatives on the other Swiss borders.
By entering into the «Cooperation Agreement», Swissgrid and EPEX SPOT are making another step to strongly contribute to the integration process of wholesale electricity markets within Europe. The partnership is based upon the Price Coupling of Regions (PCR), which was chosen as the market coupling solution for the integration of the European electricity market to achieve the overall EU target of a harmonized European electricity market. The Price Coupling of Regions (PCR) is the initiative of seven European Power Exchanges (APX, Belpex, EPEX SPOT, GME, Nord Pool Spot, OMIE and OTE), to develop a single price coupling solution to be used to calculate electricity prices across Europe and allocate cross-border capacity on a day-ahead basis.
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