Nord Pool, Europe’s leading power market, is set to introduce new price thresholds in its Baltic day-ahead market, permitting a second auction if the new thresholds are reached.
The move, made in close consultation with Baltic regulatory authorities, transmission system operators and Nord Pool customers, aligns Nord Pool’s Baltic market with those it operates in central Europe.
Should the new thresholds (minimum -150 Euro, maximum +1500 Euro) be reached in any delivery hour, Nord Pool order books will re-open in all its Single Day-Ahead Coupling (SDAC) markets and customers will have additional time to adjust their bids in a second auction.
Emma McKiernan, Executive Vice President Markets at Nord Pool, said: “Since the high price event seen in the Baltic region earlier this year, we have been working closely with our Baltic customers and the local NRAs and TSOs, to implement this mechanism to reduce the chances of any repeat.
“We are pleased now to have this mechanism in place to help deliver simple, efficient and secure trading for our customers in the Baltic region.”
In Lithuania, should the existing maximum price threshold of +4000 Euro be reached, Nord Pool will, in addition to reopening order books, activate peak load reserves in consultation with Litgrid, as has aways been the case.
The new thresholds will become applicable from Wednesday 7th December, for delivery day Thursday 8th December.
Since Nord Pool announced its changes to day-ahead threshold levels for our Baltics markets, there has been a wider NEMO increased threshold announcement which has superseded this.
To trade power with Nord Pool in the Baltic region contact: support@nordpoolgroup.com
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, 16 November 2022
For further information, please contact:
Stuart Disbrey, +44 7887 409044 - stuart.disbrey@nordpoolgroup.com