Publication
Deadlines for the first MACSE auction procedure in Italy are approaching
Italy | Publication | May 2025
Potential bidders will be interested to know that the auction procedure for the Mercato a termine degli stoccaggi (“MACSE”) is about to commence.
The MACSE regulation encompasses a comprehensive framework aimed at allowing BESS operators to enter long-term fixed price capacity contracts for storage capacity. This mechanism is designed to ensure fair competition, transparency, and optimal resource allocation within the market.
On 7 March 2025, Terna published the timeline for the first auction procedure. Interested bidders must submit their applications between 13 May 2025 and 3 June 2025, and by 17 July 2025, they will be informed whether their plant has been qualified. By 21 August 2025, they must submit a pre-auction guarantee, and by 26 August 2025, they must submit declarations attesting to the meeting of the requirements to participate in the MACSE auction procedure.
Bidders need to carefully evaluate the risk and potential return of their investment. Capacity Market auctions provide long-term contracts with relatively stable prices, ensuring security and predictability. On the other hand, MACSE might yield higher returns because of the increasing demand for energy storage and the particular incentives for cutting-edge technologies.
To provide comprehensive support and insights to help you navigate the MACSE regulation effectively, we have prepared a manual outlining specific guidelines, including a description of the regulatory framework, practical tips for the first auction procedure, and possible forecasts based on a few case studies.
Please reach out to our team to get additional information regarding the MACSE guidelines we have prepared.
Recent publications
Publication
Secondary capital raising regime
In July 2022 the UK Secondary Capital Raising Review published its report (Report) setting out a series of bold and wide-ranging recommendations for improving the secondary capital raising regime in the UK designed to make it quicker, more flexible, more inclusive of retail investors and more cost-effective, as well as moving towards digitisation and making better use of technology.
Publication
Essential Corporate news – Week ending 2 May 2025
This briefing forms part of a series looking in detail at the SRA’s guidance for in-house teams, issued following a thematic review of the sector, recognising the growth and importance of the in-house role and the unique pressures to which in-house solicitors can be subject.
Subscribe and stay up to date with the latest legal news, information and events . . .