Due to the onset of the winter season and a sustained period of high electricity prices, the Nominated Electricity Market Operators (NEMOs) involved in the Single Day-Ahead Coupling have decided to increase the threshold that triggers the second auction procedure.
This will increase from EUR 1,500 to EUR 2,400 per MWh, a change that will be implemented as of Wednesday 7th December (first trading day).
The goal of this change is to maintain security of operations by avoiding triggering second auctions on a regular basis and thus binding operational resources, which could endanger the market coupling session by increasing the risk of full decoupling.
Earlier in November Nord Pool announced its own changes to day-ahead threshold levels for its Baltics markets. The increased threshold announced then has now been superseded by this NEMO threshold announcement.
The second auction procedure is triggered when certain price levels are achieved in the coupled day-ahead auction, in order to allow market participants to review their positions when price levels are higher than usual.
The following countries are affected by the threshold switch to EUR 2,400 :
- Belgium
- France
- Estonia
- Germany
- Austria
- Hungary
- Slovenia
- Romania
- Netherlands
- Croatia
- Ireland
- Lithuania
- Latvia
The following countries are still being studied for potentially performing the same change:
- Greece
- Spain
- Portugal
- Slovakia
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, 24 November 2022
For further information, please contact:
Stuart Disbrey, +44 7887 409044 - [email protected]