Article 2, Point (8) · Regulation (EU) 2024/1747

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(8)in Article 19, paragraph 2 is replaced by the following:‘2.The following objectives shall have priority with the respect to the allocation of any revenues resulting from the allocation of cross-zonal capacity:

(a)guaranteeing the actual availability of the allocated capacity including firmness compensation;

(b)maintaining or increasing cross-zonal capacities through optimisation of the usage of existing interconnectors by means of coordinated remedial actions, where applicable, or covering costs resulting from network investment that is relevant to reducing interconnector congestion; or

(c)compensating offshore renewable electricity generation plant operators in an offshore bidding zone directly connected to two or more bidding zones where access to interconnected markets has been reduced in such a way that it results in the offshore renewable electricity generation plant operator not being able to export its electricity generation capability to the market and, where relevant, in a corresponding price decrease in the offshore bidding zone compared to without-capacity reductions.

The compensation referred to in point (c) of the first subparagraph shall apply where, in the validated capacity calculation results, one or more transmission system operators either have not made available the capacity agreed in connection agreements on the interconnector or have not made available the capacity on the critical network elements pursuant to the capacity calculation rules laid down in Article 16(8), or both. The transmission system operators which are responsible for the reduction of access to interconnected markets shall be responsible for the compensation to offshore renewable electricity generation plant operators. On an annual basis, that compensation shall not exceed the total congestion income generated on interconnectors between the bidding zones concerned.’;

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PPA
means a contract under which a natural or legal person agrees to purchase electricity from an electricity producer on a market basis;(78)“dedicated measurement device” means a device linked to or embedded in an asset that provides demand response or flexibility services on the electricity market or to system operators;(79)“flexibility” means the ability of an electricity system to adjust to the variability of generation and consumption patterns and to grid availability, across relevant market timeframes.’;

Regulation (EU) 2024/1747

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