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Gestore dei Mercati Energetici S.p.A

GME operates power, gas and environmental markets. As part of the process of liberalisation of the electricity sector, Gestore dei Mercati Energetici S.p.A. (GME) was initially vested with the organisation and economic management of the wholesale Power Market under principles of neutrality, transparency, objectivity and competition. On the power market platform managed by GME (also known as Italian Power Exchange, IPEX), producers and purchasers sell and buy wholesale electricity. With reference to power, GME operates a forward physical market (MTE), a market for the trading of daily products (MPEG) with continuous trading mode, a day ahead auction market (MGP), an intraday auction market (MI) based on 7 sessions. It also operates on behalf of the Italian TSO Terna a platform for ancillary services (MSD), through which collects the bids and communicates the results, and a platform for the registration of OTC transactions (PCE). On this platform, parties that have concluded contracts outside IPEX, record their commercial obligations and nominate the related electricity injection and withdrawal schedules that they undertake to execute under the same contracts. For more information, visit https://www.mercatoelettrico.org/En/Default.aspx