Seasonal Greetings to our Customers!
2020 turned out not to be the year that many of us expected or planned for.
Despite the unpredicted challenges that 2020 has presented us, we have, as always, enjoyed working alongside our customers across the world over the past year.
We remain especially grateful for your feedback on our products and services and for your continued trust in trading with us.
We wish all our customers the very best for the festive season and the New Year in the hope that we may be able to meet more of you face-to-face once again, in 2021.
Nord Pool to Harness North Sea Link Interconnector
Nord Pool has been awarded a contract by National Grid and Statnett to deliver a solution outside of the Internal Energy Market (IEM) to provide implicit capacity in its day-ahead market for the 1,400 MW North Sea Link (NSL).
NSL, a joint venture between National Grid and Statnett, will directly connect the electricity systems of the UK and Norway for the first time, when it goes live in 2021.
Since the UK will not be able to access the IEM post-Brexit, NSL will provide alternate arrangements to offer capacity to the market.
Hans Randen, Director of Market Coupling at Nord Pool, said: “We are immensely proud to have been chosen by National Grid and Statnett to deliver implicit trading services for the new NSL interconnector. At a time of uncertainty in the GB power market, we see this as an important first step in securing an efficient market solution outside the IEM.”
Find out more, here.
Discount Data in December
A special offer is now available for our day-ahead CWE market data products! A 50% discount is available to customers who subscribe to our day-ahead market data products for central and western Europe for 2021, by 31st December 2020.
This offer is valid for both regional and country based subscriptions. Countries available for CWE day-ahead data are: Germany-Luxembourg, Belgium, France, The Netherlands and Austria.
To find out more about our discount data prices for 2021 contact: [email protected].
Join Our Fixed-Fee Invoicing Trial
Nord Pool is inviting eligible customers to participate in a pilot for our planned automation of fixed fees invoices, in order to save customers time and expense.
As of January 2021, Nord Pool will introduce - on a trial basis, initially - a new automated process for invoicing fixed annual membership fees.
This will be an opt-in pilot (you must choose to participate) where invoices for annual fixed fees will be sent digitally and be debited directly from your settlement account.
For further information about eligibility to join our invoicing pilot (opt-ins must be received by, at the latest, Wednesday 16th December 2020) please contact your Nord Pool Market Manager.
MNA Landing in Poland
Day-ahead Multi-NEMO Arrangement (MNA) in the Polish region is scheduled to go live in January 2021, subject to successful completion of testing, final technical readiness and regulatory approval.
With this Poland will become the third major geographical zone in Europe to implement the day-ahead MNA framework, in compliance with the guideline on Capacity Allocation and Congestion Management (CACM).
The project aims to make the Single Day-Ahead Coupling (SDAC) accessible to more than one NEMO in Poland, while maintaining the general market coupling principles of capacity calculation and allocation.
Read more here.
New Video Explains UMM
The latest in our series of animated videos sets out to explain the benefits of Nord Pool’s proven Urgent Market Messaging (UMM) service.
As the video illustrates, our UMM service provides users with detailed and up-to-date alerts on insider information for production, consumption and transmission outages, along with other relevant market information.
UMM helps users ensure that they are fully compliant with the Regulation of Energy Markets Integrity and Transparency (REMIT) and other appropriate European regulations.
View the video and find out more here.
New Products in SIDC
New continuous intraday products have been announced for cross-border trading in the European Single Intraday Coupling (SIDC).
From 10th December, 30 and 15 minute products will be newly available on several borders. The first tradable delivery periods for these products will differ, based on local NEMO arrangements.
30 minute products will be introduced on the French-Belgian border, 15 minute products on the Austrian-Hungarian border, and 15 as well as 30 minute products on the Belgian-German, Belgian-Dutch and Dutch-German borders.
Find out more here.
Hans-Arild's Online Tour
Hans-Arild Bredesen, CEO of Nord Pool Consulting, will be busy in December sharing his expertise on international power markets.
On Friday 11th December Hans-Arild will be a panelist discussing ‘The Future of the Power and Gas Sector’ as part of the Energy Regulators Regional Association’s Jubilee Day.
Find out more here.
Then on Thursday 17th December he will be addressing the topic ‘Thailand: Gateway to the ASEAN Power Market’ participating in Enlit’s Asian Digital Series of online events.
Details are available here.
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© NSL image, National Grid.