Nord Pool, Europe’s leading power market, has today (Tuesday 26 April), confirmed its appointment as a Nominated Electricity Market Operator (NEMO) in Poland.
The Polish NEMO appointment marks the thirteenth such designation and signifies Nord Pool’s ability to meet the new Network Guidelines on Capacity Allocation and Congestion Management (CACM), which came into force on 14 August 2015.
Nord Pool previously announced 12 other NEMO appointments, covering Austria, Belgium, Denmark, Estonia, Finland, France, Germany, Great Britain, Latvia, Lithuania, the Netherlands and Sweden.
The CACM code sets the rules for cross-border electricity trading in Europe. It covers cross-border capacity allocation in the day-ahead and intraday time frames, rules for congestion management and methods for calculating capacity across bidding zones. As a designated NEMO under CACM, Nord Pool will have responsibility for a variety of roles with regards to market coupling.
About Nord Pool
Nord Pool 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’s markets in the Nordic and Baltic regions, and on our UK market N2EX. In 2015 the group had a total turnover of 489 TWh traded power. Our markets are operated from offices in Oslo, Stockholm, Helsinki, Tallinn and London. Nord Pool strives continually to strengthen its business by working with integrity, together with members and stakeholders, to achieve excellence.
Lysaker, 26 April 2016
For further information, please contact:
Stina Johansen, Communications Director, +47 916 50 603 (for press enquiries)