Trade day-ahead in Central Europe
Nord Pool is actively preparing for the expansion of our day-ahead offering into central Europe. So we are now opening an end-to-end environment for testing our day-ahead platform in Germany, Austria, France, Netherlands and Belgium.
Members can sign up for market access ahead of official go live for the Multi NEMO Arrangements (the arrangements between NEMOs and TSOs for day-ahead market coupling where multiple NEMOs operate in the same bidding zone) which is planned for Tuesday 21st May.
From Thursday 11th April we are opening the Day Ahead Web test environment for members to start testing our new markets.
Saving Time and Cost
We are keen to help customers make the most of the services we offer, so that their trading lives are simpler and easier. With that in mind – did you know that the data in CASS, our clearing and settlement solution, is also available through our API? So tasks involving checking or downloading data can easily be automated, with the option to automatically download pdf invoices.
Also, if you handle multiple invoices and payments each day with us, it is very likely that you can reduce your workload and transaction costs as we only require one invoice per delivery country in which you are active.
And if you already subscribe to e-invoices from another service, you can receive Nord Pool invoices as e-invoices too. Give us your electronic invoice ID and any reference you require to appear on the invoice, and your invoices will start popping up in your ERP system. If you are not using e-invoices from anywhere today, we can help you in the right direction.
To take advantage of any of these time and cost-saving solutions, or to suggest others, please get in touch.
20 Twenty Years of Intraday
On 1st March Nord Pool celebrated a landmark anniversary for one of our most important markets, as we reached 20 years since the launch of the world’s first multi-country intraday continuous trading market, Elbas.
It was established in Finland and Sweden by Nord Pool in cooperation with the TSOs Svenska Kraftnät (Sweden) and Fingrid (Finland) and with an initial vison to extend across the entire Nordic region, a geographic ambition that had greatly expanded by the early 2010s.
The multi-country intraday market we launched two decades ago including products, capacity utilisation and matching model, was the blueprint for the implicit continuous trading design that, ten years later, became the EU target model for continuous intraday markets.
In the 20 years our intraday market has been in existence, its importance has increased, thanks in part to the vast geographic expansion of Elbas, and in part to the greater role of renewables in the production mix, with customers seeking to trade ever closer to delivery period. With that in mind we are confident that our pan-European intraday market provides a solid foundation on which to build an improved intraday offering in response to customer feedback.
Find out more about trading intraday with Nord Pool here.
Meet Nord Pool in France and Norway
On Thursday 4th April our Senior Trading Adviser Isidora Micic will speaking on the latest developments in trading short term markets, both cross-border and domestic, as part of the Montel French Energy Day, held at the St James Albany Paris Hotel. Isidora takes the stage at 16.30.
Then on Thursday 11th April Espen Dovle, Nord Pool’s Intraday Product Manager, examines XBID status and the future of intraday trade both in the Nordic region and across Europe. Espen appears as part of Montel’s Nordic Price Drivers event held at the Thon Hotel Bristol, Oslo – his presentation commences at 09.30.
If you are attending either event and have any questions or comments on Isidora or Espen’s areas of expertise – please feel free to ask.
Customer Information – Brexit
In preparation for the UK leaving the EU on Friday 12th April 2019, Nord Pool has prepared information for members on what to expect in the event of a hard Brexit.
Please follow the link to read more about what you need to know and do to be ready for a ‘no deal’ situation.
Should you have any questions, please do not hesitate to contact us.