Effective from Tuesday 1 November, the Elbas trading platform is adjusted and ready to handle the four bidding areas in Sweden. In this process, Nord Pool Spot has in agreement with the Nordic TSOs developed and implemented three new functionalities on the Elbas platform.
Opening of trading and simultaneous activation of trading capacities
Starting from 1 November, all available trading capacities in Elbas will be published simultaneously at 14:00 CET. At the same time, trading for the next day will be opened in the Elbas platform. Trading in the German area will still be opened at 08:00 CET as today.
If a TSO is delayed in preparing the trading capacities for one or more connections to the Elbas platform, the capacity for that connection will be published as soon as possible after 14:00 CET.
Automatic handling of ramping
The 600 MW ramping limit on HVDC connections will from 1 November be handled automatically in Elbas. This is an important improvement as more capacity will be available on HVDC connections for intraday trading. Currently, the available transmission capacity on the HVDC connections is set to zero in both directions for those hours where change of planned flow from hour to hour in the Elspot market has hit the ramping limit.
Implementation of Cut optimization CutB in DK1
Handling of the CutB capacity within DK1 will be handled automatically in Elbas as it already is in the Elspot market.
The inclusion of the capacity value for the internal CutB in DK1 (Jutland) is done in order to optimize the utilization of the capacity on Skagerrak cables towards NO2 and KontiSkan cables to SE3. The total capacity given for the two connections is subject to the available capacity in CutB.
About Nord Pool Spot
Nord Pool Spot runs the leading power market in Europe and offers both day-ahead and intraday markets to its customers. 350 companies from 18 countries trade on the market. The Nord Pool Spot group has offices in Oslo, Stockholm, Helsinki, Copenhagen, Tallinn and London. In 2010 the group had a total turnover of 310 TWh, which includes the auction volume in the UK market N2EX.
Lysaker, 24 October 2011 16:20 CET
For further information, please contact:
Trading desk, +47 67 10 91 10 or [email protected]
Stina Johansen, Communications Manager Nordic, +47 916 50 603 (press)