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ITALY’S POWER EXCHANGE IN A EUROPEAN CONTEXT. Salvatore Zecchini President IPEX - GESTORE DEL MERCATO ELETTRICO (GME). Indicators of liberalization degree by TSO independent from electricity producers Independent authority with wide-ranging powers
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ITALY’S POWER EXCHANGE IN A EUROPEAN CONTEXT Salvatore Zecchini President IPEX - GESTORE DEL MERCATO ELETTRICO (GME)
Indicators of liberalization degree by • TSO independent from electricity producers • Independent authority with wide-ranging powers • Market share of leading producer < 50% Advanced1 liberalization Average2 liberalization Limited3 liberalization 1 Advanced liberalization: all criteria are satisfied. 2 Average liberalization 2 criteria over 3 are satisfied. 3 Limited liberalization only 1 criterion is satisfied (or none). Source: Enel
Powers Attributed to Regulatory Authorities • Indipendence from executive power • Setting of network entry tariffs • Setting of selling tariffs • Control over storage gas access • Promotion of competition • Power to impose fines on market operators • Definition of public utility service obligations and quality standards Source: Enel
Incumbent Position in National European Markets Market Share (%) of the leading producer over domestic consumption, net of exports (year 2005) EU-25 Electricity generation market (year 2005) Others Source: Enel