Italian Power Exchange

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The Italian Power Exchange or IPEX, managed by Gestore del Mercato Elettrico (or GME in Italian) is the exchange for electricity and natural gas spot trading in Italy.


It was established by the Italian legislature on 16 March 1999 and issued general rules on 8 May 2001.


IPEX comprises the following spot markets:

  • Day Ahead (In Italian Mercato del Giorno Prima, MGP)
  • Intra Day (In Italian Mercato Infragiornaliero, MI), which since 10 February 2015 is composed of seven sessions (MI1, MI2, MI3, MI4, MI5, MI6 and MI7).

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