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Network Code on Forward Capacity Allocation (FCA)

​​​​​​ENTSO-E is working to develop pan-European markets in all timescales. These timescales range from markets for securing capacity several years ahead of real time, to day ahead, intra-day and real time balancing markets. Putting in place harmonised cross border markets in all timeframes will lead to a more efficient European market and benefits to customers. Forward markets have an important role in allowing parties to secure capacity and hedge positions ahead of the day-ahead timeframe. The network code on Forward Capacity Allocation will ensure that this can happen in the future pan-European market.

Read the Forward Capacity Allocation Regulation

Latest Status Update (September 2016)

The Commission Regulation (EU) 2016/1719 of 26 September 2016 establishing a guideline on forward capacity allocation was published in the Official Journal on 27 September. The text foresees its coming into force 20 days after publication.

On 1 October 2013, ENTSO-E delivered the Network Code on Forward Capacity Allocation (NC FCA), and supporting document with a letter, to the Agency for the Cooperation of Energy Regulators (ACER). In December 2013, ACER published an opinion on the code, where the Agency outlined a number of issues on which adjustments were required. 

On Friday 30 October, the draft Forward Capacity Allocation (FCA) Regulation, was adopted by Member States, the 5th in the last year. The text will now enter a period of scrutiny during which the European Parliament and European Council will analyse its compliance with the 3rd energy package and the general principles of the European Union. The draft code and all the related documents can be downloaded from the links in the table below.

An overview of the latest developments for all network codes is available.

 

Early implementation

Network codes need to be finalised and adopted by Member States, and are therefore expected to evolve over time. TSOs have however decided to begin the early implementation of a number of projects, as suggested by regulators. This will contribute to faster delivery of the IEM. One of these projects is the Harmonisation of long term Allocation Rules (HAR), which is expected to be delivered before 1/1/2016. A stakeholder advisory group was set up, and a public consultation organised in Q1 2015. Further information is accessible on this page.

Stakeholder Engagement

ENTSO-E’s stakeholder engagement will comprise of Stakeholder Advisory Group Meetings and Public Stakeholder Workshops, as well as ad-hoc meetings and exchange of views with any interested party as appropriate. The FCA Stakeholder Advisory Group (SAG) consists of 15 members from 6 different associations and companies as well as from ACER and National Regulatory Authorities. The chosen composition of representatives is to ensure that the full spectrum of impacted stakeholders can express their views during the discussions. The draft Terms of Reference of the FCA SAG can be viewed here.

All material, including minutes and presentations from meetings will be made public.

Stakeholder Advisory Group Meetings

Date Meeting Agenda Minutes Documents

28/08/13

5th

Agenda

Minutes

Presentations

18/06/13

4th

Agenda

Presentations

30/01/13

3rd

Agenda

Minutes

Draft NC FCA
Summary of changes
Presentations

26/11/12

2nd

Agenda

Minutes

NC FCA preliminary draft
Presentations

01/10/12

1st

Agenda

Minutes

Draft structure: NC FCA
Presentations

Public Stakeholder Workshops

Date Meeting Agenda Minutes Documents

10/07/13

2nd

Agenda

Presentations

08/05/13

1st

Agenda

Presentations

Related Documents and Links

Date Documents
​30/10/2015 ​​Commission Regulation (EU) establishing a network code on Forward Capacity A​llocation

​03/04/14

ENTSO-E Letter to ACER (03/04/2014)

​02/04/14

Draft Network Code on Forward Capacity Allocation (Re-Submission)

​02/04/14

NC FCA Explanatory Document (Re-Submission)

​14/01/14

Firmness Explanatory Document

​21/01/14

ENTSO-E Letter to ACER

18/12/13

ACER Reasoned Opinion

01/10/13

Draft Network Code on Forward Capacity Allocation (First Submission)

01/10/13

NC FCA Explanatory Document (First Submission)

01/10/13

ENTSO-E Letter to ACER

28/03/13

NC FCA for consultation

20/07/12

Invitation Letter to participate in NC EB and NC FCA Stakeholder Advisory Group

20/06/12

Educational Paper on Risk Hedging Instruments

17/02/12

ENTSO-E’s Network Code Development Process

16/09/11

EC request for ENTSO-E to start drafting the NC CACM

28/06/11

ENTSO-E consultation process

For further information on NC FCA, please contact Marco Foresti