During the market coupling process on 4 February a technical issue was experienced that led to a partial decoupling of Nord Pool’s CWE order book and the Kontek (DK2-DE), the Baltic (SE4-DE) and the COBRA (DK1-NL) interconnectors.
The incident was caused by a technical issue at Nord Pool and was not caused by the common market coupling algorithm. The issue could not be fixed within the time allocated by the MRC procedures and at 12:43 CET the partial decoupling of Nord Pool’s CWE order book was declared and shadow auctions were triggered for the impacted interconnectors. The final market coupling results were published at 13:55 CET. The common coupling system worked as expected and ensured the coupling of the remaining part of MRC.
The JSC has initiated an in-depth investigation to identify lessons learned to mitigate the risk of similar incidents in the future.
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 2019 Nord Pool had a total turnover of 494 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, 7 February 2020
For further information, please contact:
Stina Johansen, +47 916 50 603 - [email protected]