Today the price coupling between the Nordic and Polish energy markets was launched. The capacity of the cable connecting Poland and Sweden (SwePol Link) is now available for the members of Nord Pool Spot and POLPX.The direct-current cable connecting Poland and Sweden (SwePol Link) has a capacity of 600 MW.
The connection is a result of many months of technical preparation and the agreement signed by the interested parties: PSE Operator, Svenska Kraftnat, the Polish Power Exchange, Nord Pool Spot as well as the connection owner - SwePol Link AB and SwePol Link (Poland).
- With this launch a full price coupling has been achieved, something that is important for the integration of the Nordic market with the Polish market, says Mikael Lundin, CEO of Nord Pool Spot.
- Owing to the increasing dynamics of the trading on the Polish power exchange the Polish electricity market has got sufficient liquidity for rendering the first cross-border connection available to third parties through the market coupling mechanism, says Mr. Grzegorz Onichimowski, the President of the Polish power exchange.
In accordance with so-called “Road map for implementation of market coupling mechanism in the European Union”, approved by the European Commission, all member states are to be merged through the market coupling mechanism by the national power exchanges before 2015.
- Since 2006 PGE and Vattenfall have been the only beneficiaries of commercial use of the connection between Poland and Sweden. Making the connection available for non-commercial purposes for all participants of the market will be helpful for development of our international cooperation within the energy scope as well as fulfilling of the European Commission recommendations concerning the subject-matter issue, Mr. Henryk Majchrzak, The PSE Operator Management board President, stated.
Lysaker, 15 December 2010. 14.15 CET
For further information, please contact:
Hans Randen, director European integration, Nord Pool Spot, phone +47 92 02 13 26
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, Copenhagen, 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.