The Nordic TSOs and Nord Pool Spot distributed a stakeholder consultation 22 January 2015 on possible implementation of second auction as a non-matching procedure in the Nordic and Baltic market area (Exchange information no 4/2015).
In order to be transparent in the process the Nordic TSOs and Nord Pool Spot are publishing the response letters that have been submitted to the consultation. Altogether 29 responses have been received, and is found here. Two respondents have chosen not to have their answers made public.
The Nordic TSOs and Nord Pool Spot are considering the possibility of introducing a second- auction on the Nordic and Baltic day-ahead spot market. A second auction is proposed as a potential new procedure in situations where the first round of price calculation is unable to match demand and supply, hence potentially leading to curtailment of bids. Non-matching situations lead to either the minimum price of -500€/MWh, or the maximum price of +3000€/MWh and application of non-matching procedures.
About Nord Pool Spot
Nord Pool Spot operates Europe’s leading power markets, offering both day-ahead and intraday trading to its members. 380 companies from 20 countries trade on Nord Pool Spot’s markets in the Nordic and Baltic regions, and on our UK market N2EX. In 2014 the group had a total turnover of 501 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, 27 March 2015
For more information please contact:
Energinet.dk: Ulrik Møller, +45 23338545
Fingrid: Ritva Hirvonen, +358 30 395 4182
Svenska Kraftnät: Mårten Bergman, +46 10 475 83 78
Statnett SF: Trond Arnljot Jensen, +47 23 90 37 21
Nord Pool Spot: Hilde Rosenblad, +47 67 10 91 74
or Stina Johansen, Head of Communications, +47 916 50 603 (press inquiries)