Nord Pool Spot (NPS) has received the following message from the European Market Coupling Company (EMCC):
Re-introduction of daily explicit auction for Denmark West/Germany and re-activating of implicit auction on Kontek
Deviations in flow and price calculations between the EMCC and the Nord Pool Spot system have lead to price differences between Germany and Denmark which do not correspond to the direction of the flows. The operational routines that were introduced to remedy the price differences (ref. exchange information no 65/08) have resulted in heavy delays in the spot market price publication from both NPS and European Energy Exchange (EEX).
EMCC has therefore decided, together with all of its shareholders, to temporarily suspend the market coupling via EMCC after today’s market coupling on the interconnectors between Denmark West and Germany/E.ON Netz and on Denmark East and Germany/Vattenfall Europe Transmission. EMCC resumes with intensive testing in order to solve the problems as soon as possible.
The AC link between Western Denmark and Germany
Energinet.dk and E.ON Netz have decided to re-introduce the daily explicit auctions on the interconnector between Denmark West and Germany/E.ON Netz from 9 October 2008 (delivery day 10 October 2008). The procedures and auction rules will be those which have been used until 28 September 2008. They are published on the website of E.ON Netz (www.eon-netz.com).
The Kontek DC link between Eastern Denmark and Germany
The implicit auction on the Kontek DC link between Germany and Eastern Denmark operated by Nord Pool Spot will be reactivated on 14 October 2008 for delivery on 15 October 2008. All participants who have previously traded in the KONTEK bidding area will have direct access to their KONTEK portfolios as of Tuesday 14 October 2008. Until then the capacity for the Kontek DC link will be made available for ELBAS intra-day trading.
We shall give information to the market in due time before the market coupling is introduced again.
Lysaker, 8 October 2008
For further information, please contact:
Enno Böttcher, European Market Coupling Company GmbH, phone +49 40 369 054 60