Nord Pool Spot is pleased to announce that it will revise the Urgent market message (UMM) system to ensure it helps members comply with their obligations in the Transparency Regulation.
The European Union Transparency Regulation (EU No. 543/2013) refers to the submission and publication of data in electricity markets and requires fundamental market data to be published on a central transparency platform implemented by the ENTSO-E, making the data available to the public, free of charge.
From 5 January 2015, producers, consumers and Transmission System Operators (TSOs) are required, as primary owners of data under the Transparency Regulation, to submit information on changes in the actual and planned availability of their facilities. Primary owners must submit data to the transparency platform operated by the ENTSO-E via the TSO or a data provider (where agreed by TSO).
Nord Pool Spot is working on a solution to implement submission of data directly from the UMM system to the European transparency platform, on behalf of Elering, Energinet.dk, Fingrid, Litgrid, Statnett and Svenska Kraftnät. This solution is open to other TSOs, should they wish to use it.
The service will allow those primary owners of data, who are also users of the UMM system, to publish information subject to the Transparency Regulation as set out in article 7.1, 10.1, 11.1.a and 15.1 through Nord Pool Spot’s UMM system. This way members can avoid double-reporting of the same information to the TSO and the UMM system.
Due to the new regulation, there will be some changes to the UMM system and to the content of UMMs. The changes will be implemented prior to 5 January 2015. All members who use the UMM system will receive detailed information on them by e-mail.
Nord Pool Spot has also agreed on delivering transparency data for the TSOs to the ENTSO-E platform based on article 16.1.d of the Transparency Regulation. According to article 4.6, it is the responsibility of national regulatory authorities (NRAs) to follow up on the compliance of the regulation: “National regulatory authorities shall ensure that the primary owners of the data, TSOs and data providers comply with their obligations under this Regulation”.
About Nord Pool Spot
Nord Pool Spot operates Europe’s leading power markets, offering both day-ahead and intraday trading to its members. 370 companies from 20 countries trade on Nord Pool Spot’s markets in the Nordic and Baltic regions, and on our UK market N2EX. In 2013 the group had a total turnover of 493 TWh traded power. Our markets are operated from offices in Oslo, Stockholm, Helsinki, Copenhagen, Tallinn and London. Nord Pool Spot strives continually to strengthen its business by working with integrity, together with members and stakeholders, to achieve excellence.
Lysaker, 16 October 2014