title: Italian Power Exchange
text: # Italian Power Exchange
  
  The Italian Power Exchange (IPEX), managed by Gestore del Mercato Elettrico (GME in Italian) is the exchange for electricity and natural gas spot trading in Italy.
  
  ## History
  
  It was established by the Italian legislature on 16 March 1999 and issued general rules on 8 May 2001.
  
  ## Markets
  
  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).
  