2.

From the date of the entry into force of this Regulation until 31 December 2017, Ireland and Northern Ireland shall implement preparatory transitional arrangements. Those transitional arrangements shall: facilitate the transition to full implementation of and full compliance with this Regulation, and include all necessary preparatory measures for full implementation of and full compliance with this Regulation, by 31 December 2017; guarantee a reasonable degree of integration with the markets in adjacent jurisdictions; provide for at least: allocation of interconnector capacity in an explicit day-ahead auction and in at least two implicit intraday auctions; joint nomination of interconnection capacity and energy at the day-ahead market time-frame; application of the ‘Use-It-Or-Lose-It’ or ‘Use-It-Or-Sell-It’ principle, as specified in point 2.5 of Annex I to Regulation (EC) No 714/2009, to capacity not used at the day-ahead market time-frame. ensure fair and non-discriminatory pricing of interconnector capacity in the implicit intraday auctions; put in place fair, transparent and non-discriminatory compensation mechanisms for ensuring firmness; set out a detailed roadmap, approved by the regulatory authorities for Ireland and Northern Ireland, with milestones for achieving full implementation of and compliance with this Regulation; be subject to a consultation process, involving all relevant parties and give the utmost consideration to the consultation's outcome; be justified on the basis of a cost-benefit analysis; not unduly affect other jurisdictions.

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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.