Welcoming the NEMO designation Mikael Lundin, CEO at Nord Pool Spot, said: “Acceptance as a NEMO in Germany is important for Nord Pool Spot. We have pioneered the concept of market coupling and cross-border services in the Nordics and been at the forefront of the discussions around market integration for Europe. This gives us the opportunity to bring our expertise to Germany and to serve our customers, both established and new, in the German market.”
Nord Pool Spot announced 10 NEMO appointments, covering Austria, Denmark, Estonia, Finland, France, Great Britain, Latvia, Lithuania, the Netherlands and Sweden, in December 2015. The German NEMO appointment marks the eleventh such designation and signifies Nord Pool Spot’s ability to meet the new Network Guidelines on Capacity Allocation and Congestion Management (CACM), which came into force on 14 August 2015.
Decisions on NEMO designations are still awaited from Belgium and Poland, where Nord Pool Spot has also applied for NEMO designation.
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 Spot will have responsibility for a variety of roles with regards to market coupling.
About Nord Pool Spot
Nord Pool Spot 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 Spot’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, Copenhagen, Tallinn and London. Nord Pool Spot strives continually to strengthen its business by working with integrity, together with members and stakeholders, to achieve excellence.
Lysaker, 15 January 2016
For further information, please contact:
Stina Johansen, Head of Communications, +47 916 50 603
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