New maximum and minimum clearing prices in Nordic currencies:
From the same date Nord Pool will increase the maximum clearing prices in NOK, SEK and DKK, and the conversion rate for EUR to NOK and SEK will be set from 15 to 13.
The maximum clearing prices in the Nordic currencies will be: +52,000 NOK, +52,000 SEK and +32,000 DKK.
The minimum clearing prices in the Nordic currencies will be: -6,500 NOK, -6,500 SEK and -4,000 DKK.
In line with the Harmonised Maximum and Minimum Clearing Prices (HMMCP) Methodology in accordance with Article 41(1) of Commission Regulation (EU) 2015/1222 of 24 July 2015 (CACM Regulation), the harmonised maximum clearing price for Single Day-Ahead Coupling (SDAC) shall be increased by 1,000 EUR/MWh if the clearing price exceeds a value of 60 per cent of the harmonised maximum clearing price for SDAC in at least one market time unit in a day in an individual bidding zone or multiple bidding zones. This decision follows the high prices detected of 2,712.99 and 2,987.78 EUR/MWh reached for delivery day 4th of April 2022 in France, in the hours 8 and 9, respectively.
The current harmonised maximum clearing price for SDAC is +3,000 EUR/MWh, which will be increased by 1,000 EUR/MWh to +4,000 EUR/MWh. The new maximum clearing price shall apply in all bidding zones that participate in SDAC from five weeks after the day the event referred to therein has taken place, therefore it will apply from trading day 10th of May 2022 (first trading session); however, the new maximum clearing price threshold to be reached to trigger the increase of the maximum clearing price was set to 2,400 EUR from the following day of the detection (thus applicable from 4th of April), as the value of 60 per cent of the new +4,000 EUR/MWh harmonised maximum clearing price.
The HMMCP methodology is available on the NEMO Committee webpage:
Nord Pool desk
|T: +47 6710 9110 (Day-ahead desk)||E: firstname.lastname@example.org|
|T: +47 6710 9115 (Intraday desk)||E: email@example.com|