Nord Pool introduces new intraday products
Nord Pool, Europe’s leading power market, has introduced new continuous intraday products for cross-border trading, for the European Single Intraday Coupling (SIDC).
From Thursday 10 December, 30 and 15 minute products will be newly available on several borders; with 30 minute products introduced on the French-Belgian border, 15 minute products on the Austrian-Hungarian border, and 15 as well as 30 minute products on the Belgian-German, Belgian-Dutch and Dutch-German borders.
Announcing the new intraday products, Pietro Rabassi, Nord Pool’s Director Central European Markets, said: “As an active SIDC project member, Nord Pool has been pushing for this important development for some time. It brings the real benefits of a more integrated market, particularly for renewables, and also avoids the limitations of local liquidity pools.
“Now that our customers can trade more smoothly across borders, there are new opportunities for imbalance management in the intraday market, closer to real-time. For example – customers in Belgium and The Netherlands, who may already trade with a granularity of 15 minutes locally, will be able to reach beyond their local markets into a larger liquidity pool, thanks to a more connected SIDC.”
Axel Baudson, Director of European Commodities, a market access service provider for imbalance portfolio management, added: “The introduction of 15 minute granularity in the SIDC will enable Belgian balance responsible parties to better adapt their trading activities. We welcome this milestone in the market.”
The first tradable delivery periods for the new products will differ, based on local Nominated Electricity Market Operator arrangements.
To trade intraday with Nord Pool contact your market manager.
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 360 companies from 20 countries trade on Nord Pool’s markets.
Nord Pool operates markets in the Nordic and Baltic regions, Germany, Poland, France, the Netherlands, Belgium, Austria and the UK. Nord Pool is a Nominated Electricity Market Operator (NEMO) in 15 European countries, while also servicing power markets in Croatia and Bulgaria. In 2019 Nord Pool had a total turnover of 494 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.
Oslo, 10 December 2020
For further information, please contact:
Stuart Disbrey, +44 7887 409044 - email@example.com
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