REMIT on Demand - Staying Compliant
The latest newsletter from Nord Pool's dedicated team of Market Surveillance experts examines the potential impact around regulatory compliance of demand bidding and demand flexibility.
A lack of understanding could lead market participants to commit a breach of REMIT, so our Market Surveillance team looks at what demand flexibility is and why it is important and then considers interpretation of REMIT around demand. Plus there are some suggested actions to ake to make sure orders and transactions genuinely reflect the available demand flexibility.
To find out more, read the team's latest newsletter here.
Join Our Free Webinars
As part of the Euronext sustainability week, we will be hosting two free webinars next month, focusing on renewable energy in the power sector.
On Monday 4th September, Nord Pool's Business and Strategy Developer Giulia Gamberi will join Stephen Woodhouse from Afry and Toby Ferenczi from Granular Energy, to discuss the benefits of Granular renewable energy certificates. Read more and sign up here.
Then, on Friday 8th September, Julien Cossé, Chief Strategy Officer at Nord Pool, will explain our role in the energy transition and some of the innovative partnerships we are involved in. Read more and sign up here.
Improving Our Margin Model
We will soon be introducing some important improvements to our margin model, to ensure efficient and secure operations for all our members. Nord Pool will be applying a Credit Risk Adjustment Multiplier to members' total collateral call with the aim of reducing collateral calls for members found to be lower risk, according to Nord Pool’s analysis.
The intention is to better reflect the credit risk that Nord Pool takes on, while also making life simpler for members who consistently meet collateral calls and pay amounts due in a timely manner. No member should have an increased collateral call after this credit risk adjustment is implemented.
Secure FTP Protocol Coming
We are always looking to ways to provide our customers with a more secure and reliable data transfer experience. In pursuit of that goal, we will be transitioning to a secure FTP protocol on Friday 1st December 2023.
From that date the currently used FTP protocol will no longer be supported. To continue using our FTP services seamlessly, customers will need to update FTP client settings to reflect the new URL.
If you encounter any issues or have questions, our support team is ready to help via our support portal.
See You in Oslo!
We look forward to meeting customers in Oslo at the Montel Group Nordic Energy Day on Thursday 24 August.
Our experts will be on hand to answer any questions you might have about Nord Pool and the Nordic energy market.