This site uses cookies to offer you a better browsing experience. Find out more on how we use cookies and how you can change your settings.

Nord Pool logo
Nord Pool logo
Market updates
  • Operational messages
  • Urgent market messages
Operational Messages

    View all

    Urgent Market Messages

      View all

      • Market data
        • Nord Pool day-ahead
          • Prices
          • Volumes
          • Capacities
          • Flow
        • Nord Pool intraday
          • Market data
          • Volumes
          • Initial capacity
          • Transmission capacity
          • SEM-GB intraday auction UK
        • Nord Pool UK
          • Prices
          • Block prices
          • Volumes
          • Capacities
          • Flow
          • Exchange rates
          • Half hourly prices
          • Half hourly block prices
          • Half hourly volumes
        • Regulating power
          • Regulating power per area
          • Regulating prices
          • Regulating volumes
          • Volume of regulating bids
          • Special regulation volume
          • Automatic activated reserve
        • Power system data
          • Production
          • Consumption
          • Exchange
          • Hydro Reservoir
        • Maps
          • Day-ahead overview
        • Data downloads
          • Aggregated Market Data
          • System Price Curve Data
          • Recalculated Nordic System Price
          • Nord Pool Report on the Nordic System Price
      • Trading
        • Join our markets
          • Becoming a customer
          • Membership list
          • Market Managers
        • Operational messages
        • Day-ahead trading
          • Order types
          • Price calculation
          • Preliminary prices and exchange rates
          • Capacities
          • Ramping
          • Loss functionality
          • Curtailment, price thresholds and decoupling
        • Intraday trading
          • Order types
          • Capacities
        • Clearing
          • Settlement
          • Collateral
          • Margin model
        • API
          • ISV partners
        • Rules and regulations
        • Market surveillance
          • Market Surveillance Quarterly Newsletter
          • Expert reports
        • Customers have their say
      • Services
        • Power Data Services
          • Day-Ahead Market Data
          • Aggregated Bidding Curves
          • Intraday Market Data
          • Intraday Hub2Hub
          • Data Portal
          • Electricity retailers
          • Other products
          • FAQ
          • Inquire and Order
        • Compliance
          • REMIT UMM
          • REMIT transaction reporting service
          • REMIT Best Practice Report
        • Consulting
          • Recent projects
        • Nord Pool Academy
          • Nord Pool Certified Compliance Course
          • Nord Pool Day-ahead course
          • Nord Pool Intraday course
          • Nord Pool Certified Compliance Course online
      • Media
        • Media contacts
          • Media contacts
        • Newsroom
          • News
          • Newsletter
          • Market Surveillance Newsletter
          • TSO news
          • Subscribe
          • Feature
        • Photos
        • Annual report
      Log in
      Log in
      Day-ahead market
      • Single Day-Ahead Coupling (SDAC)
      • Price Coupling of Regions (PCR)
      • Price formation
      Intraday market
      • Single Intraday Coupling (SIDC)
      CACM regulation
      Benchmark Regulation – the Nordic system price
      Market members
      Bidding areas

      Price Coupling of Regions (PCR)

      Price Coupling of Regions (PCR) is the supplier to Single Day-Ahead Coupling.

      The common price coupling algorithm, called PCR EUPHEMIA, is used in the Single Day-Ahead Coupling to calculate power prices across Europe, while implicitly allocating auction-based cross-border capacity.

      What is PCR?

      PCR is based on three main principles: a single algorithm, robust operation and individual power exchange accountability.

      1. The common algorithm gives a fair and transparent determination of day-ahead electricity prices and a net position of a bidding area across Europe. The algorithm is developed respecting the specific features of the various power markets across Europe and the electricity network constrains. It optimises the overall welfare and increase transparency.
      2. The PCR process is based on decentralised sharing of data, providing a robust and resilient operation.
      3. The PCR Matcher and Broker service enables exchange of anonymised orders and electricity network constraints among the power exchanges to calculate bidding zone prices and other reference prices and net positions of all included bidding areas.

      History

      The project was operated by eight Power Exchanges: EPEX SPOT, GME, HEnEx, Nord Pool, OMIE, OPCOM, OTE and TGE.

      One of the key elements of PCR project was the development of a single price coupling algorithm, which adopts the name of EUPHEMIA (acronym of the Pan-European Hybrid Electricity Market Integration Algorithm).

      This is used to calculate energy allocation, net positions and electricity prices across Europe, maximising overall welfare and increasing the transparency of the computation of prices and power flows resulting in net positions.

       

      Useful documents

      • PCR Project Main Features
      • 2020 All NEMO Committee EUPHEMIA Public Description (Single Price Coupling Algorithm)
      Nord Pool logo

        Nord Pool AS

        Tel. +47 6710 9100

        P.O. Box 121

        1325 Lysaker, Norway

      Market Data

      • Day-ahead
      • Intraday
      • Regulating power
      • Power system data
      • Maps

      Trading

      • Join our markets
      • Operational messages
      • Day-ahead trading
      • Intraday trading
      • Clearing
      • API
      • Rules & regulations
      • Market surveillance
      • Customer information on Brexit
      • Customers have their say

      Services

      • Premium Data Services
      • Compliance
      • Consulting
      • Nord Pool Academy
      • German mini-site
      • French mini-site

      The Power Market

      • Day-ahead market
      • Intraday market
      • CACM regulation
      • Benchmark regulation - Nordic system price
      • Market members
      • Bidding areas

      Social media

      Quick links

      • UMM
      • Auction
      • Intraday Web
      • CASS
      • Intraday and GB Half Hourly auctions

      Media

      • Press
      • Newsroom
      • Annual report
      • Download center

      About us

      • Careers
      • Advisory board
      • History
      • Organisation
      • Meet our people
      • Corporate Compliance Policy
      • Control cookies

      Contact us

      • Norway
      • Sweden
      • Finland
      • Estonia
      • UK
      • Germany

      © Nord Pool 2020 | Imprint, Data Policy, Legal Notice, How We Treat Personal Data