Core project parties concluded that the Core go-live planned for 20 April 2022 must be postponed as a go-live on this date could not be supported by some Core project
parties.
Market Coupling processes are prepared and Core joint project parties are technically ready in the preparation of their local and central systems and expect to finish remaining activities (last required tests and bilateral contracts) before 20 April 2022.
There are however concerns expressed by some Core NEMOs and TSOs:
• The timing of the Core FB DA go-live considering the current market context -in combination with the other concerns listed below
• The not sufficiently demonstrated stability of the DA pre-market coupling process in Flow-Based DA capacity calculation, and the impact on capacities when fallbacks need to be applied
• The impact on ID ATC capacities, for which the methodology will be known mid-April and for which TSOs possibly need to develop tools for maximising capacities while maintaining system security.
• The issue of undue discrimination triggered by too low capacities provided on critical network elements
Similar concerns were also shared by market parties associations.
Core project parties will monitor the operational stability of the external parallel run
closely during the coming weeks and establish in parallel concrete plans to deal with
these concerns in a timely manner.
Core project parties will communicate a new go-live date as soon as the concerns are
assessed, alleviated and required alignment with other parties (i.e. SDAC) has taken
place.
Communication channels
Market participants who would like to follow closer the project development are invited to join the Core Consultative Group (CCG) by sending an email to CoreCG@magnus.nl. The participants of the Core Consultative Group will receive regular information, and invitations to teleconferences and meetings.
Next to the CCG a Question & Answer Forum for the Core FB MC project is currently
in use. The Forum is available under the Core FB MC section on the JAO website, ie.
www.jao.eu. Project parties invite all market participants to use this Forum for their
queries.
About the Day-Ahead Flow-Based Market Coupling project in the Core CCR
The Core Flow-Based Market Coupling (Core FB MC) project promotes the development and implementation of a flow-based day-ahead market coupling across
the whole Core capacity calculation region (Core CCR) in the framework of the Single
Day-Ahead Coupling (SDAC). The Core CCR consists of the bidding zone borders
between the following EU Member States’ bidding zones: Austria, Belgium, Croatia,
the Czech Republic, France, Germany, Hungary, Luxemburg, the Netherlands,
Poland, Romania, Slovakia and Slovenia.
Market integration - core to energy transition
The energy transition towards a carbon free electricity supply is a European challenge
that requires the use of the European electricity system to the full extent. Weather dependent supply and increasing demand response will lead to a different and more
intense use of the grid. The Core market integration project is aiming to create
operational preconditions to optimise the use of the system from a regional perspective and make the single European market a reality.
About Nord Pool
Nord Pool, Europe’s leading power market, delivers efficient, simple and secure trading across Europe. The company, which is majority owned by Euronext, offers day-ahead and intraday trading, clearing and settlement, and additional services, 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, Luxembourg and the UK. Nord Pool is a Nominated Electricity Market Operator (NEMO) in 15 European countries, while also servicing power markets in Bulgaria, Croatia and Georgia. In 2021 Nord Pool had a total turnover of 963 TWh traded power.
Nord Pool has more than 25 years of power market experience built on offering flexibility, transparency, innovation, greater choice and participation to our customers.
Oslo, 8 April 2022
For further information, please contact:
Stuart Disbrey, +44 7887 409044 - stuart.disbrey@nordpoolgroup.com