GB Auction Changes for BREXIT
Nord Pool recently announced changes we intend to make to our well-established GB auctions.
From 1st January 2021, the UK will leave the European Internal Energy Market (IEM). As a result, Nord Pool’s day-ahead (N2EX) auction will, from that date, have a new gate closure time of 09:50 GMT (currently 11:00 GMT) with results available no later than 10:00 GMT (currently11:42 GMT).
In the island of Ireland the SEM-GB intraday auctions (IDA1 & IDA2) will continue to operate with shared order books between power exchanges.
Announcing the proposed changes Emma McKiernan, Director Nordic, Baltic, UK and Ireland at Nord Pool, said: “We are aware that BREXIT has created uncertainty across many areas of our customers’ businesses. Against that backdrop we feel it is important to provide clarity now regarding our own arrangements from 1st January 2021, to give customers time to prepare.”
Join Our Free Webinar Series
Nord Pool’s dedicated markets team is rounding off the year by hosting a series of free webinars for customers only, addressing some key areas of interest in power trading.
The series begins on Thursday 5th November with Anstein Eie lifting the lid on how to get the best from Nord Pool’s collateral model.
That is followed by a discussion of data services with Nicholas Sharaf, followed by the latest developments in intraday trading explained by our in-house expert Espen Dövle – both on Wednesday 18th November.
Then, on Wednesday 25th November Marian Kilen will look at Nord Pool’s offering in Poland.
We finish the month with two events on Monday 30th November, with Hilde Rosenblad and Jon Rokne Bolkesjø looking at REMIT Fees, followed by Jon Rokne Bolkesjø going on to reveal more about current topics in Market Surveillance.
With more dates and subjects in the pipeline heading into December, take a look here to find out more and book your place.
Marian Gives Poland Insight
Marian Kilen, Nord Pool’s Key Account Manager, Central European Markets, joins a panel of other expert speakers for the Montel Market Insights Warsaw online webinar on Thursday 19th November.
Marian will bring customers up to date with Nord Pool’s latest offering within Poland and across borders at this free event, including speaking on hot topics in Polish power trading in the panel session scheduled for 16.40.
Find out more and register here.
Niklas Shares Expertise on Hoarding
Do you know what capacity hoarding in the power market is or why it can be detrimental to a well-functioning marketplace?
With capacity hoarding – where a market participant acquires all or part of available transmission capacity but does not use it, or use it effectively – a hot topic right now, attracting comment from the likes of ACER, Niklas gives easy-to-understand, but expert, insight into the subject.
You can find out more on our YouTube channel.
Free Access to Intraday Data!
A special deal is now available for Nord Pool’s intraday market data products!
Get free access to our intraday real-time and delayed market data products for November and December this year, when you buy the relevant subscription for 2021.
For example, subscribe to our orders and trades real-time market data product for Nordics and Baltics for 2021 now and you get FREE access to the same product for November and December this year too!