Risk glossary

 

Gestore del Mercato Elettrico (GME)

The Italian electricity market operator that was set up by the independent transmission system operator and operates the Italian wholesale electricity market. GME is responsible for issuing the electricity market rules, subject to input from the electricity and gas regulator and approval by the Minister of Industry. GME is also responsible for managing the Italian electricity market to promote competition between producers, to ensure an adequate availability of power reserves, enforcing merit-order economic dispatch and managing the Italian power exchange. It became operational in 2004 and it is owned by the Italian Ministry of Finance and Economy.

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