Nord Pool Welcomes NSL
Nord Pool has welcomed the new North Sea Link (NSL) 1,400 MW HVDC interconnector between Great Britain and Norway, operated jointly by transmission system operators National Grid and Statnett, which opened on Friday 1st October. Nord Pool’s established N2EX auction in GB, and counterpart auction in Norway’s NO2 bidding area, are offering market participants implicitly allocated NSL capacity.
Welcoming NSL, Nord Pool Chief Executive Kari Ekelund Thørud said: “Nord Pool is proud to have been a part of this important new market coupling project and delighted to be playing a key role in delivering its benefits to the GB and Norway power markets, with the important implications that has for increasing security of supply on both sides of the North Sea. It was a vote of confidence in our operations to have been chosen, through a public tender process, by National Grid and Statnett to deliver the implicit trading service for NSL.
“With its strategic position linking, for the first time, the electricity systems of Great Britain and Norway, NSL is central to Nord Pool’s core markets. We have worked hard to ensure the timely delivery of an efficient trading services for NSL.”
Nord Pool’s N2EX auction gate closure time is 09:50 UK time (NO2 auction - 10:50 CET), with preliminary results finalised by 10:00 UK time (11:00 CET). To find out more about trading power with Nord Pool contact: [email protected].
Register for New Data Portal
As customers will already be aware, Nord Pool recently introduced a new log-in only access Data Portal, as a first step in improving the way we make key market information available.
Single-sign-on account members automatically have access to the new Data Portal using their existing username and password. Members without an SSO account also have free access, and should register here.
To enter the new Data Portal go to the top right of the nordpoolgroup.com home page and click the ‘LOG IN’ button.
Join Us for SDAC Training
Nord Pool will be taking part in a Single Day Ahead Coupling (SDAC) decoupling training session planned for Wednesday 3rd November.
The training will involve all SDAC operational parties (Transmission System Operators, Nominated Electricity Market Operators, Central Clearing Parties, Shadow Auction entities, etc.) - including market participants.
It aims to give all those taking part the opportunity to validate their handling of a day-ahead market decoupling incident, in real operations and real-life conditions.
It is important to be aware that all operational messages from the training session will be marked "SIMULATION".
Nord Pool members interested in participating in the decoupling training session, please contact: [email protected].
Further information will be provided to customers interested in participating, nearer the time.
SIDC Embraces Italy
The Nominated Electricity Market Operators (NEMOs) and Transmission System Operators (TSOs) involved in the European Single Intraday Coupling (SIDC – formerly XBID) have launched the third wave of the SIDC, integrating the northern Italian borders (IT-FR, IT-AT and IT-SI) and the Italian internal bidding zones borders, into the already coupled intraday region.
Cross-border capacity on Italian borders is now allocated both in continuous trading through SIDC and in three intraday regional auctions involving IT-SI and IT-GR borders.
SIDC currently couples, and allows trading in, the continuous intraday markets of 23 countries.
Free Autumn Webinars
This autumn, our dedicated Markets team is hosting a free webinar series addressing some key areas of interest in power trading.
On Wednesday 6th October Oscar Egnell and Markus Heggås will provide a status update on plans to improve Nord Pool’s day-ahead auction platform for the Nordic and Baltic markets. Then Marina Nordström and Timo Suhonen will provide insights into the scope and content of aggregated bidding curves on Monday 11th October.
Tuesday 19th October sees Marja Karppinen and Rickard Nilsson taking a look at models for cross-zonal capacity management in short and long-term markets. And Oscar Egnell will follow that with an introduction to Nord Pool’s APIs on Wednesday 27th October.
Finally, Matin Bagherpour and Rickard Nilsson will close our autumn webinars on Thursday 4th November, with an overview of the Nordic system price.
To join a webinar simply click the relevant link:
- 6th October, 14-15 CET Nordic and Baltic day-ahead platform.
- 11th October, 14-15 CET aggregated bidding curves.
- 19th October, 15-16 CET capacity allocation management.
- 27th October, 14-15 CET Nord Pool’s APIs.
- 4th November, 12-13 CET Nordic system price.
Surveillance Team Examines Capacity Limitations
Our Market Surveillance team has published a new Nord Pool Market Surveillance quarterly newsletter. The latest edition looks at the importance of publishing information on capacity limitations.
You can read it in full here.