Improving Nordic and Baltic Day-Ahead Functionality
Nordic and Baltic Day-ahead trading customers can now test planned improvements being made as part of our on-going work to consolidate day-ahead market access into a single platform across all Nord Pool markets.
The transition of the Nordic and Baltic day-ahead trading to our new auction platform is scheduled for February 2022, however customers can already test their integration of the new system’s core functionality. We would appreciate any feedback customers may have, from testing.
Members can use the test auction run every trading day at 14:00 CET for delivery the following day, in our member test environment. Simply contact [email protected] to request access.
Day-Ahead Market Coupling – Timing Changes
From Thursday 17th June there will be new operational timings applied for the daily Single Day-Ahead Coupling (SDAC) market coupling process.
The change has been brought about by the increased number of coupled countries and the more complex nature of the calculation process.
The maximum duration of the algorithm calculation will increase from 12 to 17 minutes, with a corresponding extension to the deadlines around finding a solution to avoid potential decoupling. Details of the revised timings are available here.
Supporting EnergyTag
At Nord pool, we are very aware that green electricity is transforming power markets and new tools need to be invented to support energy transition. That is one reason why we are pleased and proud to be part of EnergyTag, an innovative solution to address the key challenge of certification and trading of green energy.
As a pioneer of energy market design Nord Pool is keen to support projects that improve and deliver trust, transparency and reliability in power markets.
Find out more about this great new initiative here.
Introducing Electronic Signatures
As part of our continuing work to make customers’ lives simpler we have introduced electronic signing of member documents with Adobe Sign.
Adobe Sign follows the digital signature regulations set out by the EU Electronic Identification and Trust Services Regulation and is certified compliant with the world’s most rigorous security standards.
An electronic signature, or e-signature, is a legally-recognised means to signify consent or approval on electronic documents or forms and can be used to replace handwritten signatures in a wide variety of formal agreements.
To find out more about Nord Pool’s introduction of electronic signatures – or if you have any questions – please email: [email protected].
Watching Unusual Prices
The next dedicated Nord Pool Market Surveillance quarterly newsletter, produced by our in-house experts, has just been released. In this edition, the team examines unusual price highs and lows, what may cause them and why Market Surveillance keeps a close eye on them.
Read our latest Market Surveillance newsletter here.
New Nord Pool Compliance Course
Our Certified Compliance Course, live-streamed on Tuesday 22nd June, sees Nord Pool’s highly experienced Market Surveillance team provide a comprehensive understanding of regulation in the European physical power market.
The course also covers the many compliance features Nord Pool offers, including the UMM platform for publication of inside information and our system reporting orders and transactions to ACER.
The course is held online and managed by Nord Pool’s in-house experts. Find out more and book your place here.