Delivering Aggregated Bidding Curves
Earlier this year, in recognition of how important the subject was to many of our customers, we published a dedicated whitepaper on the complex subject of publishing aggregated bidding curves.
Now, thanks to the combined efforts of Nord Pool, our customers and the many other power sector stakeholders we work with throughout Europe, our views have been considered in a position paper, published by the National Regulatory Authorities (NRAs) involved in the Single Day-ahead Coupling, proposing the delivery of a means to publish aggregated day-ahead bidding curves.
The EU NRAs’ proposal meets many of the considerations set out in our own whitepaper. We would like to thank all those who consulted with us on the subject to reach a practical and deliverable solution.
Nord Pool is now working with other NEMOs to design a solution along the lines proposed by the NRAs. We will keep customers updated on developments.
Celebrating 20 Years
The 1st October 2020 marked the 20th anniversary of an integrated Nordic power market - 20 years since the Danish region of Zealand joined the Nord Pool power market, bringing the whole of Denmark into a market that already encompassed Norway, Finland and Sweden.
Commenting on the anniversary, Kari Ekelund Thørud, Nord Pool CEO, said: "We are proud that the integrated market model Nord Pool delivered two decades ago has served as the blueprint for pan-European power trading today. Much has changed in the last 20 years, but Nord Pool remains at the forefront of developing simple, efficient and secure power trading, and delivering true power exchange competition, across Europe."
Hear more of Kari Ekelund Thørud's views on power market competition in the Nordics and beyond here.
Improving Day-Ahead for the GB Market
On Monday 23rd November 2020 we will transition the GB day-ahead auction market, currently on our Day Ahead Web platform (DAW), to our new auction platform - meaning customers will be able to access all GB auction markets (including the half-hourly auction and the SEM GB intraday auctions) and CWE markets through a single URL.
This is part of our on-going work to consolidate market access into a single platform for day-ahead across all Nord Pool markets, to improve usability for members and create efficiencies for customers in maintaining Nord Pool platforms.
Customers can test core functionality in the platform and the new API solution in our GB day-ahead test environment. URL: https://auctions2.test.nordpoolgroup.com/#/
API documentation for the new day-ahead API is available here.
Customers can use their existing SSO test credentials to access the test environment.
If you need help contact our support team.
Preparing for Brexit with Nord Pool
Nord Pool has prepared a position paper on possible future trading arrangements for the GB power market.
It aims to highlight the key issues which, in our view, are likely to need to be addressed to ensure power exchanges can continue delivering products and services, both cross-border and within-GB, as close as possible to those customers can access now, as participants in the IEM.
We are continuing to work with key stakeholders to investigate all possibilities to secure the continuation, post-Brexit, of a shared day-ahead order book between GB power exchanges. But, with the transition deadline fast approaching, it is important to prepare for trading should that not be possible.
If you have questions about trading after Brexit please contact our UK market manager Frank Thompson.
REMIT and Transparency Compliance Course
Nord Pool is offering a special online course, held across two half-day webinars, where our highly experienced Market Surveillance team will provide a comprehensive understanding of regulation in the European power market.
The course, held Tuesday 20th to Wednesday 21st October, will also cover the many compliance features Nord Pool offers, including the UMM system for publication of inside information and our system for reporting orders and transactions to ACER.
To find out more and book your place contact: firstname.lastname@example.org.