The Future of GB Trading
We are in a period of potentially huge change for the power trading market in Great Britain.
The UK is no longer part of the Single Day-ahead Coupling (SDAC), with direct implications for the way power is traded between GB and other countries - the UK power market has effectively been ‘reset’.
With an active debate going on between GB market stakeholders and policy makers as to what a future market design should deliver, Nord Pool’s CEO, Kari Ekelund Thørud has chosen this moment to set out Nord Pool’s vision for the GB power market.
Read her views here.
New German Capacities for SIDC
At Nord Pool we were delighted to see the recent decision by the German Transmission System Operators (TSOs) to provide infinite German internal capacity to the Single Intraday Coupling (SIDC) in the time period 15:00 – 18:00 CET.
After a short testing phase, customers will be able to trade inside the German/Luxembourg bidding zone without any limitation, across all four German TSO areas. That means trading on combined orders from both active power exchanges in Germany from 15:00h on the day before delivery - three hours earlier than before.
This important change, which Nord Pool has actively lobbied for, for several years, delivers a trading situation much closer to full and open competition between power exchanges than has previously been the case in Germany.
Marianne Wergeland Jenssen, Director Markets at Nord Pool, said: “This important change in German intraday trading is an important move towards opening up the German intraday market to true competition between power exchanges; that’s good news for Nord Pool’s many central western European customers.”
New Auction Functionality for CWE & GB
We now have new functionality in our auction platform for customers trading in our GB and central western Europe markets.
We have introduced a new Spread Block product - a pair of mutually linked block orders, where both blocks are either accepted or rejected. One example of a common use for this is in offering battery or pump storage assets in the auction, where there may be one “charging period” and one “discharging period”.
Customers will be able to submit three Spread Block order pairs (six blocks in total) per portfolio. To start submitting Spread Blocks, customers must download the new template from the auction platform (which now includes an additional column for Spread Blocks).
We have also re-introduced the ability to copy/paste Blocks and Exclusive Group orders directly in the auction platform, as an alternative to a direct upload of the bid template.
Tonje Puts Customers First
In our latest short ‘behind the scenes’ video, Nord Pool’s customer service specialist Tonje Markussen reveals why dedicated customer support is at the very heart of everything we do.
So far this year Nord Pool has welcomed no fewer than seven new customers, from Scandinavia, Germany the UK and the Baltics, to our markets.
You can see the full video here.
Online Course Proving Popular
Our most recent online Physical and Financial Power Market Course from Nord Pool Academy was the most successful ever, attracting just short of 100 participants, a record number for this increasingly-popular course.
Delegates joined from as far afield as Canada, China, Tanzania, Finland, Denmark, Norway, Germany, Georgia, Poland, the UK, Lithuania, Romania, Albania, Sweden and Latvia, to hear Europe’s leading short- and long-term power markets explained by experts.
The next Physical and Financial Power Market Course from Nord Pool Academy will take place across Wednesday 9th and Thursday 10th June.
Find out more and book your place here.
Market Coupling Webinar – Save the Date
Net Transmission Capacity-based implicit capacity allocation is set to be introduced on the following borders: PL-DE, PL-CZ, PL-SK, CZ-DE, CZ-AT, and HU-AT, with an operational go-live intended for 10th June 2021.
This will mark the transition to a single coupled auction for the day-ahead market across the countries covered by the Multi Regional Coupling and 4M Market Coupling, a milestone for the completion of the European Single Day-Ahead Coupling.
A dedicated webinar is planned for 21st April 2021 to provide market participants with detailed information about expected changes and member testing.
Nord Pool will be contacting customers with further information on this, soon.