(b)

in respect of overall market efficiency: any increase or decrease in economic efficiency arising from the change; market efficiency, including, at least the cost of guaranteeing firmness of capacity, market liquidity, market concentration and market power, the facilitation of effective competition, price signals for building infrastructure, the accuracy and robustness of price signals; transaction and transition costs, including the cost of amending existing contractual obligations incurred by market participants, NEMOs and TSOs; the cost of building new infrastructure which may relieve existing congestion; the need to ensure that the market outcome is feasible without the need for extensive application of economically inefficient remedial actions; any adverse effects of internal transactions on other bidding zones to ensure compliance with point 1.7 of Annex I to Regulation (EC) No 714/2009; the impact on the operation and efficiency of the balancing mechanisms and imbalance settlement processes.

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Source: EUR-Lex (Cellar) · retrieved 2026-11-01 · Text as adopted (Official Journal); later amendments are not incorporated in this text.