EC details Italy’s approved CM plan

摘要

While Italy has yet to set a first auction date or stipulaternhow long the mechanism will run, the government hasrncommitted not to continue the auctions beyond 10 yearsrn“unless it re-notifies the measure sufficiently in advancernand the Commission has approved it,” the EC said.rnThe letter gives details of how descending clock auctionsrnwill run, who can participate and how bidding capacity willrnbe de-rated to reflect reliability.