Under Article 7 of the CACM Regulation, on 14 April 2016 the Nominated Electricity Market Operators (NEMOs) submitted to all regulatory authorities (NRAs) and to ACER the proposal for a plan that sets out how to jointly set up and perform the MCO functions, including necessary draft agreements between NEMOs and with third parties (the MCO Plan).
The MCO Plan was unanimously approved in its final version by all NRAs on 20 June 2017, and includes:
The definition of the principles for the cooperation among all NEMOs and the establishment of the NEMO Committee with roles and responsibilities;
Formal adoption of PCR and XBID solutions as the basis for the efficient implementation of the objectives of CACM Regulation for, respectively, the Single Day-ahead Coupling (SDAC) and Single Intraday Coupling (SIDC), as set out in Article 36(4) of CACM Regulation;
A detailed description and the proposed timescale for implementation of SDAC and SIDC;
A description of the expected impact of the terms and conditions or methodologies on the establishment and performance of the MCO function.