ENTSO-EThe ENTSO-E Market Report 2022 and ENTSO-E Balancing Report 2022 outline the work achieved by European transmission system operators (TSOs), in cooperation with their stakeholders, in implementing the Capacity Allocation and Congestion Management (CACM) Regulation, the Forward Capacity Allocation (FCA) Regulation and the Electricity Balancing (EB) Regulation. These regulations are aimed at integrating the European electricity wholesale and balancing markets.
Capacity allocation and congestion management are the cornerstones of the European single electricity market as they harmonise the way in which cross-border electricity markets operate from long-term to real-time. An interconnected, integrated and well-functioning European electricity market ensures use of the most efficient resources and is key to ensuring security of supply at the lowest cost for consumers. Significant progress has been made again during the reporting period from 2021 to 2022 across the market’s various time frames, bringing a single European electricity market for the benefit of all Europeans closer to full realisation.
The integration of long-term, day-ahead, intraday and balancing markets is already delivering tremendous savings to end consumers year on year. According to the Agency for the Cooperation of Energy Regulators (ACER), these savings account to EUR 34 billion per year for the day-ahead market alone.
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