Fresh Advice from Market Surveillance
The latest newsletter from the dedicated experts in our Market Surveillance team is now available.
In this edition, the team addresses the newly launched Intraday Auctions (IDAs) and the relevance of REMIT II compliance, as well as examining marginal pricing and trading without physical assets, while also looking at statistics on recent market surveillance activity.
Whether you are considering participating in the new intraday auctions, or already trading - this newsletter is for you.
Trade New IDAs
The new SIDC Intraday Auctions (SIDC IDAs) are now live.
We have already seen encouraging activity from Nord Pool members on the new auctions. Any member not yet set up, should request production portfolios as soon as possible.
New IDA production portfolios can be requested by contacting our support team: [email protected] or via your local Nord Pool market manager.
New - Trade Volume Limits in the Auction Platform
The latest version release of Nord Pool’s auction platform has introduced a new feature for our members - ‘volume limits’.
This is a new risk management feature which allows members to define portfolio specific volume limits on each underlying delivery area for curve orders/single hourly orders. Volume limits are voluntary, but we encourage members to at least familiarize themselves with this important new feature.
Orders containing volumes that breach the set volume limits, whether placed through the UI or API, will be automatically rejected by the platform, in which case a rejection message will be delivered to the user.
Limit setting and modification are available through the Trading UI for users with trading responsible access only. Regular user accounts have access to view the Trading Limits.
To activate trading responsible access for a user contact: [email protected]
Alternatively, contact your market manager.
New MTU for Poland
The market time unit (MTU) for energy balancing markets in Poland shifted to 15 minutes resolution earlier this month. Nord Pool member Axpo Polska Sp. z o.o was the first to take advantage of our 15-minute products on the Polish market with the new MTU.
This is an important change – Poland has a significant number of wind and PV (solar) installations in the system, with more coming online in the near future. The new 15-minute imbalance settlement periods will enhance the ability of the Transmission System Operator to balance the renewable power market more effectively.
To find out more contact Nord Pool’s Poland Market Manager, Marian Kilen.
New Look for Nord Pool
You will very likely already have noticed that Nord Pool has launched a new visual identity to align more closely with our majority owner, Euronext.
This change only impacts the Nord Pool visual identity and branding, including a fresh new logo and corporate colours. The structure and features of our trading platforms remain unaffected.
Welcoming Eclipse
We are pleased to welcome Eclipse as a new trading member at Nord Pool.
Eclipse develops and optimises utility scale battery energy storage to provide Transmission System Operators and independent power producers with the flexibility required for a swift integration of renewables, while maximising profit generation via real time trading of the battery on the power markets.
Everyone at Nord Pool looks forward to working closely with Eclipse to deliver simple, efficient and secure power trading for their business
New License for Electricity Retailers
In light of the growing awareness around the use of the power spot price in everyday life, Nord Pool is taking steps to make this information more accessible.
The biggest impact is in electricity retail, with most retailers now providing digital services to track the electricity price and how it correlates to customer bills. To make this simpler, Nord Pool has introduced a new license category targeted specifically at retailers, allowing them to deliver exactly what their customers want via API.
The new license permits retailers to share data on their own non-public portal, have unlimited access to the most comprehensive data set in the industry for each country, going back almost three decades, access transparent terms and conditions covering publication and download rights – and all for a single payment, with no variable fees.
BRM Joins SIDC
Bursa Română de Mărfuri S.A. (BRM), which is serviced by Nord Pool, has become the second Nominated Electricity Market Operator in Romania having recently been integrated into the European Single Intraday Coupling (SIDC).
The integration of BRM’s trading platform into SIDC marks another important milestone towards increasing the efficiency of the single european electricity Market as it becomes more liquid and competitive.
Nord Pool CEO Tom Darell, commented: “We are delighted to see the results of a successful collaboration between Nord Pool and BRM. We will provide the business with a market leading platform while we continue working together towards a successful launch of a day-ahead market later this year.”
Read the full press release here
A Look at Prices in May
Our latest Nord pool price summary video is now available - with our expert Strategy and Business Developer Jwalith Desu taking a closer look at the power prices we saw last month.
You can fine more detailed market data, both current and historic, at our dedicated data portal.