BRM Goes Live!
Nord Pool is delighted that the independent Romanian power exchange BRM, supported by experts from our dedicated Serviced Power Markets team, has successfully launched trading as part of SDAC, the day-ahead auction which couples Europe.
We have been working closely with the team at BRM for the past two years, sharing our expertise to help them establish efficient, simple, secure and transparent day-ahead and intraday power markets. It is great to finally see all that hard work from everybody involved, pay off - bringing increased efficiency and competition to Europe's electricity market.
Read more here and find out more about our work in developing power markets here.
Nordic Flow-Based Launched
At the end of October, the Nordic Single Day-Ahead Coupling market successfully began using a flow-based grid model. The process of delivering Nordic flow-based trading began with the TSOs more than a decade ago, with Nord Pool and other power exchanges also working to ensure delivery in more recent years.
We recognise that this is a significant change which may raise questions for customers - if you need more information on Nordic flow-based trading, please contact your market manager.
E-World - Let's Make a Date!
We are already planning our attendance at E-World in Essen, Germany, from 11 to 13 February 2025 - you will be able to find us in Hall 3 stand 3F100.
As always, it will be great to meet customers face-to-face and to look at how we can work together to address business challenges and make European power trading even more simple, efficient and secure.
Book a meeting with your local Nord Pool market manager at E-World here.
Market Data - Support Extended
To assist customers with the transition to the Nord Pool market data API, we have decided to extend support for Nord Pool's Market Data SFTP/FTP until 1 February 2025. Complete close-down will take place on 31 March 2025.
Be sure to start using our API or data Portal before that time, to maintain access to the data you need.
If you have questions, please contact: pds@nordpoolgroup.com.
Become the Best Day-Ahead Trader
The common European power market is the first, largest and most transparent in the world - with our dedicated Day-Ahead Trader Course you can benefit from Nord Pool's decades of day-ahead knowledge and experience.
Online material covers four key focus areas with text, examples, tutorials and videos explaining the market, products and auction platform. Plus there is a test of knowledge so you can easily assess your learning and achieve our digital diploma as a Certified Nord Pool Day-Ahead Trader.
Intraday Auctions - Find Out More
Join us on Thursday 5 December for a free online webinar taking a look at Intraday Auctions (IDAs). This event will include discussion on lessons learned so far from handling IDAs, plus an outline of Nord Pool's plans for future developments.
We will also explore the impact IDAs have had on the Nordic and Baltic markets since their introduction and examine how pan-European auctions have influenced intraday markets. '
Register here
Energy Storage - Pietro's Views
Last month, Pietro Rabassi, Nord Pool's Executive Vice President - Western and Central Europe, took part in a panel discussion at the Energy Storage Global Conference in Brussels.
Some key takeaways included:
- the on-going energy transition means an increasing share of (intermittent) renewables in the power trading mix;
- higher renewable shares are reshaping price development and challenging the energy system balance, meaning higher congestion and re-dispatch costs;
- local flexibility markets are becoming increasingly important; legal and design frameworks need to be harmonized at a European level to make flexibility markets scalable regionally.
Be Sure You are Complying
How can power sector businesses be certain they are complying with important transparency regulations such as those contained in REMIT? One way to ensure you are up-to-date is by joining our upcoming online Certified Compliance Course.
Taking place on Thursday 28 November, the course will be run by our dedicated Market Surveillance experts, who will share their frontline experience and current best practice insights to help with understanding and staying on the right side of recent laws and regulations which apply to Europe's physical power market.
Examining October's Prices
In our latest price summary video, Christian Træland, trading advisor in Nord Pool's Auction Team, takes a look at last month's power prices - when some variable weather certainly had an influence.
Remember - you can see even more market data on our data portal.