As a part of the business procedures related to Interim Tight Volume Coupling (ITVC) for the interconnectors between Nord Pool Spot’s spot markets and the CWE region PX’s spot markets through EMCC, there is a back-up procedure in case the ITVC process fails due to technical problems. A technical problem may occur in one of the concerned systems and the CWE markets and NPS markets therefore become decoupled. The complete back-up procedures are described in an appendix to this Exchange Information.
The Appendix 1 to the Nord Pool Spot rulebook - Elspot regulations - will be amended from 9 November 2010. A new paragraph 4 will be added. Concurrently the existing paragraphs following the new paragraph 4 will be renumbered. The amendment is subject to launch of ITVC. If ITVC is delayed the implementation of the amendment to the rulebook will be shifted accordingly.
4. Reopening of bidding for Elspot in case of unforeseen decoupling
4.1 In the event of an unforeseen cancellation of the Market Coupling between the NPS exchange area and neighbouring market places, NPS will announce Reopening for Bidding.
4.2 During the Reopening for Bidding any Participant or Trading and Clearing Representative on own behalf or on behalf of a Clearing Customer, may enter or re-enter biddings for Elspot.
4.3 The Reopening will resume for a period announced or otherwise available at any given time, by Nord Pool Spot – but for no shorter than 15 minutes.
With this amendment, the concept of ’Market Coupling’ and ’Reopening’ will be added to the Definitions – Appendix 10 to the Rulebook.
Market Coupling - Submission of aggregated bid information from two or more power exchanges’ spot markets to a calculation unit in order to as a minimum optimize the cross border flows on transmission connections between the exchange areas or otherwise also determine the prices in the respective areas.
Reopening – When, due to specific circumstances, Elspot is reopened for bidding after 12:00.
Lysaker, 1 November 2010 14:30 CET
For further information, please contact Nord Pool Spot:
Siw Hauge, director communications, phone +47 90 61 59 92 e-mail : [email protected]
Camilla Berg, general counsel, phone +47 67 10 91 31 e-mail: [email protected]
Hilde Rosenblad, project manager ITVC at NPS, phone +47 67 10 91 74 e-mail: [email protected]