The NEMOs (Nominated Electricity Market Operators) and TSOs (Transmission System Operators) of the Southwest Europe (SWE) Market Coupling Project are pleased to announce that the go-live of the SWE Multi- NEMO Arrangement (MNA) implementation on the French-Spanish border will take place on 28th of February 2024 (trading for delivery on 29th of February 2024). The implementation will be effective only on the French side and for the day-ahead timeframe.
This go-live marks another milestone in the EU Market Coupling as set out in the Regulation (EU) 2015/1222 of 24 July 2015, establishing a guideline on Capacity Allocation and Congestion Management (“CACM Regulation”).
With this MNA implementation, pre-coupling and post-coupling steps performed by NEMOs under Single Day-Ahead Coupling (SDAC) governance, will now be performed by more than one NEMO on the French side of the interconnector, ensuring a more robust and efficient cross[1]border market operation. Trading arrangements on the Spanish side of the interconnector remain unchanged, with the one NEMO operating on that side of the border.
Following this French-Spanish MNA go-live, the SDAC operations on the French-Spanish border will be jointly performed by all the NEMOs designated in the adjacent bidding zones of France and Spain, pursuant to Art. 45 of CACM Regulation.
About SDAC
SDAC allocates scarce cross-border transmission capacity in the most efficient way by coupling wholesale electricity markets from different regions through a common algorithm, simultaneously taking into account cross-border transmission constraints, thereby maximising social welfare.
The aim of SDAC is to create a single pan European cross zonal day-ahead electricity market. An integrated day-ahead market increases the overall efficiency of trading by promoting effective competition, increasing liquidity and enabling a more efficient utilisation of generation resources across Europe.
For additional information on SDAC go to:
http://www.nemo-committee.eu/sdac
https://www.entsoe.eu/network_codes/cacm/implementation/sdac/
https://www.nemo-committee.eu/mcsc
https://www.entsoe.eu/network_codes/cacm/implementation/mcsc
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, celebrated 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 370 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 16 European countries, while also servicing power markets in Bulgaria, Croatia and Georgia. In 2023 Nord Pool had a total turnover of 1103.83 TWh traded power.
Nord Pool’s three decades of power market experience is built on offering flexibility, transparency, innovation, greater choice and participation to our customers.
For more information, please contact:
Stuart Disbrey
Communications Director
[email protected]
Irene Zeier
Communications Director
[email protected]
Oslo, 29 February 2024