The partners in the Nordic Multi-NEMO Market Coupling project plan to launch the Multi-NEMO Arrangement (MNA) in the Nordic region on 3 June 2020, first trading day, subject to COVID-19 developments, regulatory approval and final technical readiness. This marks the final stage of the implementation phase of the project, after successful completion of extensive pan-European testing.
The launch will be followed by a two-week rollback period, maintaining the possibility of returning to the pre-launch situation, should severe issues jeopardise the market coupling process.
From 3 June the Nordic region will become the second in Europe to implement the MNA framework in compliance with the guidelines on Capacity Allocation and Congestion Management (CACM). CACM aims to foster competition among power exchanges in the core markets of Europe, supporting the target of achieving a fully integrated European Energy Market.
This project also aims to make the Single Day-Ahead Coupling accessible for more than one Nominated Electricity Market Operator (NEMO) per bidding zone in the Nordic region, while maintaining the general market coupling principles of capacity calculation and allocation.
All stakeholders will be informed regularly about progress in this final stage.
The project participants include four Transmission System Operators; Energinet, Fingrid, Statnett, and Svenska kraftnät, and three designated NEMOs; Nord Pool EMCO, EPEX SPOT and Nasdaq.
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, 12 May 2020
For further information, please contact:
Stina Johansen, +47 916 50 603 - [email protected]