Commenting On Price Cap Plans
With the European Commission having called an Extraordinary Energy Council meeting, Nord Pool has concerns around the Commission’s proposal to establish a price cap for inframarginal technologies in coupled electricity markets.
While it is reassuring that the Commission ruled out disruptive measures such as full market suspension, we feel well placed to warn that a poorly designed inframarginal cap could unfairly penalise generators which have already entered forward hedging / PPA / OTC contracts.
Read our comments in full here
Emma and Pietro Lead Our Markets
Nord Pool is delighted to announce the appointment of Emma McKiernan and Pietro Rabassi to the roles of Executive Vice Presidents for the Nordic, Baltic and UK regions and for the rest of Europe, respectively.
Emma and Pietro will be responsible for defining and delivering the best strategies in their regions of responsibility, to benefit our members and other stakeholders.
The duo take over the responsibilities of our former Director Markets, Marianne Wergeland Jenssen, who, sadly, will soon leave us to seek new challenges. We wish Marianne all the very best in her endeavours.
What stays unchanged is our dedicated focus on delivering the highest quality products and services for all our customers, regardless of their size or where they trade.
If you would like to discuss your requirements with Emma or Pietro, they can be contacted here.
Max Price Stays at €4000
Customers may already be aware that earlier this month the Market Coupling Steering Committee sent a letter to the European Commission and the Agency for the Cooperation of Energy Regulators, seeking guidance on whether there was a need to freeze the proposed increase of the Single Day-Ahead Coupling maximum price, due to the current exceptional energy market situation.
Nord Pool has been active in this process and strongly favoured having further guidance on how the Harmonised Maximum and Minimum Clearing Price methodology should be used in these challenging times.
A decision has now been made that the planned maximum price increase from 4000€ to 5000€ will not now take place. You can read more here.
If you have any questions related to this please contact: [email protected]
Learn More About Market Surveillance
Places are still available to participate in one of Nord Pool Academy’s most popular courses.
The Certified Compliance Course takes place on Thursday 13th October and sees our Market Surveillance team tackling a broad range of subjects on the European power market’s increasingly important regulatory environment.
Nord Pool Academy is pleased to also offer on-demand courses including day-ahead and intraday trading and also REMIT compliance, alongside tailored seminars and training. Contact the Academy team to discuss your needs.
SIDC Fourth Wave Revealed
Detail of the fourth wave of Single Intraday Coupling (SIDC), integrating Slovakia and Greece into the SIDC with neighbouring borders, is being shared at a free web conference on Thursday 29th September.