TITLE IIREQUIREMENTS FOR TERMS, CONDITIONS AND METHODOLOGIES CONCERNING CAPACITY ALLOCATION AND CONGESTION MANAGEMENT

CHAPTER 5Single day-ahead coupling

Section 1The price coupling algorithm

Article 40Products accommodated

1

No later than 18 months after the entry into force of this Regulation NEMOs shall submit a joint proposal concerning products that can be taken into account in the single day-ahead coupling. NEMOs shall ensure that orders resulting from these products submitted to the price coupling algorithm are expressed in euros and make reference to the market time.

2

All NEMOs shall ensure that the price coupling algorithm is able to accommodate orders resulting from these products covering one market time unit and multiple market time units.

3

By two years after the entry into force of this Regulation and in every second subsequent year, all NEMOs shall consult, in accordance with Article 12:

a

market participants, to ensure that available products reflect their needs;

b

all TSOs, to ensure products take due account of operational security;

c

all regulatory authorities, to ensure that the available products comply with the objectives of this Regulation.

4

All NEMOs shall amend the products if needed pursuant to the results of the consultation referred to in paragraph 3.