As previously communicated by the project parties 27th September 2023, the intended go-live in Q1 2024 of the Nordic Flow-based Market Coupling has been reassessed and deemed as unachievable. This is due to the complexity of the development and alignment of the various Nordic IT systems and processes which are needed to implement Nordic Flow-based in the European Single Day-Ahead Market Coupling (SDAC).
Since their last communication, the project parties have been working together to develop an updated Nordic implementation timeline. As a next step, this new timeline will be discussed at European level to establish a joint timeline coordinated with the other on-going regional and European implementation projects.
The Nordic project parties now expect to be able to go-live with Nordic Flow-based Market Coupling in October 2024, pending successful testing and technical readiness of the project parties. Market participants will be regularly updated on the planning around this new projected date during upcoming stakeholder events and through news releases, as appropriate.
The project parties have decided to continue the External Parallel Run until go-live to gain even more experience/knowledge about the Flow-based Marked Coupling.
Please direct any questions about this matter to Erik Ek, Chair of the Nordic Flow-Based Implementation Project through the Svenska kraftnät press office. Phone: +46 10 475 80 10, e-mail: [email protected].
About Nord Pool
Nord Pool, Europe’s leading power market, delivers efficient, simple and secure trading across Europe. In 2023 the company, which is majority owned by Euronext, celebrates 30 years of powering the market. Nord Pool offers day-ahead and intraday trading, clearing and settlement, and additional services, to customers regardless of size or location. Today 360 businesses 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 2022 Nord Pool had a total turnover of 1077.35 TWh traded power.
Nord Pool’s three decades of power market experience built on offering flexibility, transparency, innovation, greater choice and participation to our customers.
For further information, please contact:
Stuart Disbrey, +44 7887 409044 - [email protected]
Irene Zeier, +47 9057 9250 - [email protected]
Oslo, 7 November 2023