Learning to Share
It is Nord Pool’s long-held belief that shared order books, in both intraday and day-ahead timeframes, are essential to enable full and fair competition between power exchanges in Europe. In our view, the sharing of order books should be mandatory whenever technically possible.
The recent EC proposals on power market reform with their suggestion that market operators should share their liquidity in all timeframes until delivery, combined with resulting commentary from other power exchanges, have pushed shared order books back into the spotlight.
Nord Pool has campaigned for a shared order book in local intraday markets after cross-zonal gate closure for a very long time, on the basis of its benefits for effective multi-NEMO competition and its necessity for an efficient integration of renewable generation. Now you can read our thoughts in greater detail, here.