Following the partial decoupling in the day-ahead Multi Regional Coupling (MRC) on Friday 7 June, the Day Ahead Joint Steering Committee today (Wednesday 12 June 2019) initiated an in-depth investigation of the incident. The Joint Steering Committee comprises the 17 power exchange NEMOs and 33 TSOs involved in the MRC project. The day-ahead MRC was launched in February 2014.
On Friday 7 June, due to technical reasons, the EPEX CWE and EPEX GB market areas were decoupled from the day-ahead European Market Coupling (MRC) process.
Nord Pool followed common agreed market coupling rules and procedures on the day - reopening order books, remaining technically coupled and publishing day-ahead prices for 08.06.19 for the Nordic, Baltic and GB market areas at 13.33 CEST. Nord Pool has already itself commenced a detailed review of the MRC process, incorporating feedback from our customers.
The Joint Steering Committee announcement states that its investigation will seek ‘to identify lessons learned to mitigate the risk of similar incidents in the future’.
For convenience the announcement is reproduced in full below, and can be found here: http://www.nemo-committee.eu/assets/files/communication-note.pdf
The Day-ahead Joint Steering Committee has today initiated an in-depth investigation of the incident on the 7th of June.
- Since its launch in February 2014, more than 5 years ago, the Day-Ahead Multi Regional Coupling (MRC) has been operating successfully.
- On 7 June an issue occurred which prevented the EPEX CWE and EPEX GB order books from being sent to the common coupling system.
- The incident was caused by an internal IT issue at EPEX and was not caused by the common market coupling algorithm.
- The issue could not be fixed in time and at 12:50 CET the market was informed about the partial decoupling of EPEX CWE, EPEX GB and consequently, following procedures and due to the geographical position of Iberia, of OMIE.
- This triggered the execution of the agreed fallback procedures.
- Common coupling system and procedures worked as expected, ensuring the coupling of the remaining part of MRC.
- The Joint Steering Committee has today initiated an in-depth investigation of the incident to identify lessons learned to mitigate the risk of similar incidents in the future.
Nord Pool customers who have questions concerning Friday’s incident, should contact their Market Manager or email: [email protected].
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 360 companies from 20 countries trade on Nord Pool’s markets.
Nord Pool operates markets in the Nordic and Baltic regions, Germany, France, The Netherlands, Belgium, Austria and the UK. Nord Pool is a Nominated Electricity Market Operator (NEMO) in 15 European countries, while also servicing power markets in Croatia and Bulgaria. In 2018 Nord Pool had a total turnover of 524 TWh traded power. The company has offices in Oslo, Stockholm, Helsinki, Tallinn, London and Berlin.
Nord Pool has 25 years of power market experience built on offering flexibility, transparency, innovation, greater choice and participation to our customers.
Lysaker, 12 June 2019
For further information, please contact:
Stina Johansen +47 916 50 603 - [email protected]