Tom Joins Nord Pool
Tom Darell, 52, has this month joined Nord Pool as our new CEO.
He previously served as Executive Vice President and Head of Energy at Volue, taking on responsibility for integrated technology solutions for the energy business.
Commenting on his new role, Tom said: “I am looking forward to leading Nord Pool at an exciting and challenging time for the energy sector. In my first weeks here I want to listen and to learn so that Nord Pool can continue to work in harmony with our many customers from across Europe, to deliver the simple, efficient and secure power trading which, in times of uncertainty, they need more than ever.”
Have Your Say on CACM Review
The EU Commission is seeking the views of all energy sector stakeholders on proposed changes to the Capacity Allocation and Congestion Management regulation (CACM).
Responses to the Commission’s consultation must be in by Wednesday 27th April.
Last year we appraised customers of our own views on the proposals.
While some aspects of the proposals are positive, we believe that the idea of creating a new single entity to take on the market coupling operator function certainly is not.
Now it is time for you to make your voice heard.
Intraday – Strong Polish Performance
Our successful intraday market in Poland achieved record high daily volumes at the end of last month, with March being the market’s best ever month in terms of volumes, reaching more than 68 GWh (a highly creditable 29% market share).
Meanwhile, intraday trading with Nord Pool in Poland in the first quarter of the year is showing year-on-year growth of more than 40%.
Nord Pool’s Poland Market Manager, Marian Kilen, commented: “We have listened to our central Europe customers and worked hard to deliver the robust intraday market in Poland that they tell us they want. We look forward to continued growth as more new customers join us.”
To trade intraday with Nord Pool in Poland, contact your Market Manager.
Examining Wash Trades
With recent interest in ‘wash trades’ in our NO2 auction, our Market Surveillance experts have used their latest highly informative newsletter to share a detailed examination of this type of trading, drawing on their many years of expertise in regulatory compliance and best practice.
The latest in the team’s regular newsletter series looks at the impact of wash trades and makes recommendations around ensuring transparency in the market.
Testing Times for Euphemia
Nord Pool has recently been leading the way in conducting simulation testing of the proposed 15 minute market time unit (MTU) in the Euphemia day-ahead price coupling algorithm, aimed at enabling more efficient performance of the algorithm across all European markets.
Tests have proceeded well, with Nord Pool organising two dedicated work group sessions involving a broad selection of participants from our active customer advisory boards.
Single Auction Platform Launched
In the realisation of a long-held ambition at Nord Pool to have all our customers trading on a single auction platform, we have now successfully migrated all our Nordic and Baltic customers to our new auction system.
A huge amount of effort and resource has been dedicated to developing the future-fit platform and API that our customers need and demand. Now the final step in this important project has been completed. With it, we are able to reduce complexity and improve reliability – providing an auction platform that will serve our customers well in the years ahead.
And with the unified auction system in place, we aim to explore opportunities to deliver the new products, features and value for money that our customers deserve.
A Happy Easter to our Customers
As many of us will be thinking of – at last – spending time with friends and family during this Easter holiday period, we wanted to take this opportunity to wish all of our customers a safe, enjoyable and relaxing Easter.
Tom Darell's photo by CF-Wesenberg / kolonihaven