Nord Pool Spot has received the following message from EMCC (European Market Coupling Company GmbH):
Baltic Cable AB and European Market Coupling Company GmbH (EMCC) have signed an agreement to introduce market coupling on Baltic Cable. The target date to start market coupling is Monday, 10 May 2010 (for delivery on 11 May 2010).
EMCC will apply the market coupling mechanism by buying and selling on the two power exchanges, Nord Pool Spot and EPEX Spot, on behalf of Baltic Cable AB. Baltic Cable remains the owner of the capacity on the interconnector.
Baltic Cable is a 600 MW interconnector between Sweden and Germany. Baltic Cable AB is a merchant company and has decided to introduce market coupling on a voluntary basis. Market coupling, also referred to as implicit auction, is a mechanism that leads to optimal utilisation of the available capacity in the day-ahead phase. The aim is to improve market efficiency of cross-border congestion management.
Before the launch of market coupling on Baltic Cable, EMCC has already carried out day-ahead congestion management services on the two interconnectors between Germany and Denmark, DK West (950 MW north and 1,500 MW south) and DK East (550 MW north and south).
Lysaker, 21 April 2010 15:25 CET
For further information, please contact:
Baltic Cable AB
205 09 Malmö, Sweden
Jan Brewitz, Managing Director, phone: +46 402 554 69
European Market Coupling Company GmbH
Hopfenmarkt 31, 20457 Hamburg, Germany
Vivien Neubert, PR Manager, phone: +49 160 441 64 53
Enno Böttcher, Managing Director phone: +49 40 369 054 60