Nord Pool Spot has received the following message from the European Market Coupling Company (EMCC):
The EMCC has analysed together with its IT supplier Deutsche Börse Systems the results of the last three days. High price sensitivity in the Danish market areas has lead to day-ahead plans with adverse energy flows (i.e., flows from the high-price area to the low-price area) for several hours on the border between Denmark and Germany.
In order to prevent this situation, EMCC has introduced a buffer parameter on the internal Nordic links between Norway/Sweden and Denmark in the EMCC market coupling system which may lead to a marginal lower flow on the German-Danish links (i.e., the market coupling capacity may not always be fully used although there is a cross-border price difference).
However, this remedy will reduce the problem with adverse flows and secures that the market coupling bids that are sent to the two power exchanges Nord Pool Spot and EEX reflects the price signals in Denmark and Germany. The detailed technical description of the enhancement can be found in the concept of market coupling on the EMCC website shortly:
EMCC will optimize the market coupling process further in order to realize the best possible solution considering the specific market situations in the coupled areas.
Lysaker, 2 October 2008
For further information, please contact:
Enno Böttcher, European Market Coupling Company GmbH, phone +49 40 369 054 60