Nord Pool, Europe’s leading power market, is pleased to announce that its European Market Coupling Operator (EMCO) business has completed the IT implementation project to support day-ahead implicit auctions on the new 1GW ElecLink interconnector between the UK and France.
Upon ElecLink’s go-live in 2020, Nord Pool’s EMCO business will provide shipping services to help facilitate ElecLink’s regulatory obligations under EU Capacity Allocation and Congestion Management guidelines.
These services will enable the capacity on ElecLink to be factored into the day-ahead trading activity of the GB and wider European electricity market, giving better utilisation of interconnector capacity.
Welcoming the successful delivery of the ElecLink IT environment Richard Sarti, Nord Pool’s Director UK and Ireland, said: “Nord Pool is immensely proud to have been part of this unique engineering project. ElecLink will be the first interconnector to use the Channel Tunnel as its route to transfer electricity between Great Britain and France and will play an important part in increasing security of supply.
“Successful delivery of this project reflects the close collaboration between Nord Pool and ElecLink, a partnership we look forward to continuing, as well as marking a new milestone for Nord Pool in the UK. The 1GW cable will be a welcome addition to the 3GW which Nord Pool already provides services to, as part of the UK’s power market coupling arrangements.”
Steven Moore, CEO of ElecLink added “We are delighted that the strong collaboration between ElecLink and Nord Pool has brought us to the completion of our Market Coupling Implementation project to enable, upon our entry into service in 2020, ElecLink’s capacity to be traded with the wider European market.
“We are excited for our commercial go-live next year and look forward to continuing to develop our positive relationship and engagements with Nord Pool. This development will pave the way for increased security of supply, reduced consumer bills and greater access to renewable energy.”
Find out more about ElecLink at www.eleclink.co.uk.
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.
Oslo, 27 November 2019
For further information, please contact:
ElecLink - [email protected]
Stuart Disbrey, Nord Pool, +44 7887 409044 - [email protected]