As communicated earlier, the planned go-live of 20th April 2022 for Core Flow Based Day Ahead Market Coupling was not supported by some Core TSOs and NEMOs.
During the past two weeks, the Core project parties have intensively worked on solutions to resolve the remaining concerns raised by some parties with regards to certain aspects of the Flow Based Day Ahead Capacity Calculation. As a result, Core project parties are able to announce the new go-live date: 8th June 2022 (trading day for delivery on 9th June 2022).
The next steps to adequately address the concerns raised earlier are:
- The mitigations to further improve operational stability of TSO’s capacity calculation were already implemented. In this period some issues occurred with
fallbacks for which fixes will be in place before go-live.
- To further optimise the intraday ATC capacities algorithmic improvements and local validation processes will be implemented before go-live. Further improvements are foreseen to be implemented after go-live.
- Dedicated reporting to NRAs will be created for all cases with RAM<20% to closely monitor the occurrences and mitigations - this information of RAM<20% is already publicly available in the publication tool.
- Improvements in the publication tool were implemented*
With these measures, all project parties feel confident about going live, also considering the current market circumstances. Moreover, all parties see a significant benefit in the experience to gain during the summer period, prior to entering fall/winter.
About Nord Pool
Nord Pool, Europe’s leading power market, delivers efficient, simple and secure trading across Europe. The company, which is majority owned by Euronext, offers day-ahead and intraday trading, clearing and settlement, and additional services, 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, Poland, France, The Netherlands, Belgium, Austria, Luxembourg and the UK. Nord Pool is a Nominated Electricity Market Operator (NEMO) in 15 European countries, while also servicing power markets in Bulgaria, Croatia and Georgia. In 2021 Nord Pool had a total turnover of 963 TWh traded power.
Nord Pool has more than 25 years of power market experience built on offering flexibility, transparency, innovation, greater choice and participation to our customers.
Oslo, 22 April 2022
For further information, please contact:
Stuart Disbrey, +44 7887 409044 - email@example.com