One of Nord Pool Spot’s participants informs in an UMM that they have sold 4000 MW too much for tomorrow. After planning their production, the participant will end up with about 500 MW negative balance.
- The system notified us through a reasonability check that the bid did not correspond with the participant’s previous bids at the same price, and we called the participant to check if the bid was valid. They confirmed that the bid indeed was valid. The auction took place based on the bids entered, says Siw Hauge, Director Communications at Nord Pool Spot.
Later the participant sent a UMM confirming the mistake.
- This is an unfortunate incident, however, when a mistake is made by a participant, we do not rerun the auction, says Siw Hauge.
About Nord Pool Spot
Nord Pool Spot runs the largest market for electrical energy in the world, offering both day-ahead and intraday markets to its participants. 330 companies from 20 countries trade on the exchange. The Nord Pool Spot group has offices in Oslo, Helsinki, Stockholm, Fredericia (Denmark), Tallinn and London. Nord Pool Spot is owned by the Nordic transmission system operators. In 2009 the group had a turnover of 288 TWh representing a value of EUR 10.8 billion.
Lysaker, 27 October 2010 16:30 CET
For further information, please contact Nord Pool Spot:
Siw Hauge, director communications, phone + 47 90 61 59 92