Market Rules
Market Rules
The market rules are the body of legal and contractual rules and regulations that participants must observe to ensure that the electricity market operates in an orderly fashion.Among other things the market rules govern:
- The allocation of responsibilities to given market players and system operators;
- The general terms and conditions of distribution and transmission system operators, balancing group representatives, green power balancing group representatives, and clearing and settlement agents;
- Standardisation of the liability rules;
- Supplier switching procedures;
- Technical and Organisational Rules;
- Standards for hardware, software and data management (who gets what data and when);
- Other standards and regulations necessary for the functioning of the electricity market.
E-Control is required to draw up the market rules in consultation with the market players and to publish them in an appropriate form.
The market rules are divided into:
- General Terms and Conditions (GTC)
- Electricity Market Code (EMC)
- Technical and Organisational Rules for system operators and users (TOR)
To get an overview of the Austrian electricity market model, please consult the document below; it also references the relevant chapters of the Electricity Market Code and other sources of information.