NordBalt is the new submarine cable connecting Lithuania (LT) and Sweden (SE4). The interconnector has a maximum transmission capacity of 700 MW, with a ramping restriction of 600 MW.
The Nord Pool Spot system price calculation will be based on the same model as for the other cables connecting the Nordic and Baltic countries. This means that the system price calculation will include the transmission capacity between LT and SE4.
LitPol is the new power HVDC interconnection between Lithuania (LT) and Poland (PLA) and will be part of the Day-ahead market from day one, while its introduction to the intraday market will happen during 2016. The interconnector has a maximum transmission capacity of 500 MW, with ramping restriction of 600 MW.
The system price calculation will be based on the same model as with the SwePol link, which means it will include the calculated flow between Poland and Lithuania. In addition, a new optimisation area, called PLA, will be introduced. Capacities between PL and PLA will represent allocation constraints, while capacities between PLA and SE4 and PLA and LT will represent cross-border capacities as given by the link capabilities.
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, 24 November 2015
For further information, please contact:
Hilde A. K. Rosenblad, Manager Nordic and Baltic Operations, +47 67 10 91 74
Stina Johansen, Head of Communications, +47 916 50 603 (for press enquiries)