Nord Pool, Europe’s leading power market, has successfully launched a new intraday auction for the German market.
The company’s intraday auctions concept has attracted strong support, with more than 50 market participants already signed up. The first auctions, executed at 22 CEST on 10 April and 10 CEST on 11 April for delivery on 11 April saw trades being successfully completed.
The intraday auction at 22 CEST covers hourly products from 00 - 24 the following day, while the 10 CEST auction covers the remaining 12 hours in the same day, from 12 – 24.
Erling Thiis, Acting CEO at Nord Pool, said: “Nord Pool has developed the new intraday auction in response to customer demand. It also provides a regional blueprint for the ENTSO-E proposal on intraday auctions.
“The new auctions are a means for the power market to effectively trade the increasing amounts of renewable power production which are becoming available, to get a price signal complementary to the continuous market and also for industry and households to become more flexible in their consumption.”
About Nord Pool
Nord Pool, Europe’s leading power market, delivers efficient, simple and secure trading across Europe. The company offers day-ahead and intraday trading, clearing and settlement to customers regardless of size or location. Today 380 companies from 20 countries trade on Nord Pool’s markets.
Nord Pool operates markets in the Nordic and Baltic regions, Germany and the UK, and is a Nominated Electricity Market Operator (NEMO) in 15 European countries, while also servicing power markets in Croatia and Bulgaria. In 2017 Nord Pool had a total turnover of 512 TWh traded power. The company has offices in Oslo, Stockholm, Helsinki, Tallinn, London and Berlin.
Nord Pool has 25 years of power market experience built on offering flexibility, transparency, innovation, greater choice and participation to our customers.
Lysaker, 12 April 2018
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