Brussels, Belgium --- (METERI NG.COM) --- August 28, 2013 - The International Electrotechnical Commission (IEC) has approved the Common Information Model’s (CIM) European market model exchange profile (IEC 62325-351) as an international standard.

Since 2009, the European Network of Transmission System Operators for Electricity (ENTSO-E) has supported the integration of member TSOs’ business requirements and use cases into the CIM, and contributions to its further development. For market-related exchanges, this has been accomplished through ENTSO-E’s liaison with IEC Technical Committee 57’s Working Group 16.
 
IEC TC 57 (Power System Management and Associated Information Exchange) is currently developing the IEC CIM 62325 series of standards for the exchange of data required by deregulated energy markets. WG 16, Deregulated Energy Markets is developing these standards, which act as a framework for energy market communications encompassing two styles of markets, the European-style markets and North American-style markets.

For Europe’s internal electricity market, IEC 62325-351, the “CIM European market model exchange profile” and the set of the IEC 62325-451-‘X’ International Standards, which are based on this CIM profile, are being developed.
 
The European-style market profile, as defined in IEC 62325-351, provides core components for use in the IEC 62325-451-‘X’ standards, which target specific core business processes within Europe’s internal electricity market, such as scheduling, settlement, capacity allocation and nomination, acknowledgement, etc.