An ITVC flow adjustment procedure has been settled for Baltic Cable, Kontek and the Jutland - Germany connection. The procedure will be triggered at price deviations larger than 20 EUR.
Nord Pool Spot is allowed by EMCC to appropriate adjustment to the EMCC market order in situations where adverse flows or large price deviations at unconstrained flow occur. In such situations an adjustment in the Nord Pool Spot calculation will then reduce the price deviation. If adjustment to the EMCC order has been performed, an urgent market message will be published to inform about the incident and volume.
The ITVC flow procedure is aligned with the incident routine that was impemented on the Kontek cable on 12 October 2011 (see UMM message and previous operational message).
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, 23 December 2011
For further information, please contact:
Hilde Rosenblad, Manager Nordic and Baltics operations, +47 92 80 13 68