Following a recent statement by the Nordic TSOs, Nord Pool would like to provide customers with greater clarity around their options for reporting relevant information to ACER and Entso-e.
Customers can continue to use the proven Nord Pool UMM system, with Nord Pool being their chosen data provider to Entso-e. There is no requirement, nor obligation, to make any change in the way customers report, if they agree that Nord Pool will be their designated data provider to Entso-e. Nord Pool will review options around putting in place a simple process to facilitate such agreements with the applicable TSO. Further information on this will be provided at a later date.
Most of our customers already use our highly effective tools for reporting to the ACER and Entso-e transparency platforms, in line with REMIT and Transparency Regulation. Nord Pool has developed these to ensure that this reporting is undertaken quickly and accurately, to make life as simple for our customers as possible.
Nord Pool intends to continue to provide market participants with the means simply, efficiently and securely to ensure compliance with insider trading regulations. Our aim is to have our transparency platform for the Nordic/Baltic area, where market participants can find comprehensive information on outages as well as planned or unexpected unavailability, continue.
About Nord Pool
Nord Pool, Europe’s leading power market, delivers efficient, simple and secure trading across Europe. The company offers day-ahead and intraday trading, clearing and settlement to customers regardless of size or location. Today 380 companies from 20 countries trade on Nord Pool’s markets.
Nord Pool operates markets in the Nordic and Baltic regions, Germany and the UK, and is a Nominated Electricity Market Operator (NEMO) in 15 European countries, while also servicing power markets in Croatia and Bulgaria. In 2016 Nord Pool had a total turnover of 505 TWh traded power. The company has offices in Oslo, Stockholm, Helsinki, Tallinn, London and Berlin.
Lysaker, 28 November 2017
For further information, please contact:
On Nord Pool’s comprehensive transparency tools and services, contact Marie Knutsen-Öy ([email protected])
Stina Johansen, Communications Director, +47 916 50 603 (for press enquiries)