ELSPOT: Explanation Events Market Coupling Process Last Saturday [19 July 2014]

On Saturday 19 July 2014 maximum prices were reached in three hours in the Baltic market area. This situation triggers a procedure whereby additional reserves are entered as orders in the market, followed by a re-run of the market coupling process.

This market event was properly managed in accordance with prescribed procedures but it inevitably resulted in a delay in the publication of the day’s market result.

At 13:20 on Saturday 19 July an operational message warning of a potential decoupling was published, according to predefined procedures. Indeed as long as the results are not final, there is always a risk of decoupling, even if preliminary results have already been published. 13:20 is the trigger for communication of a potential full decoupling should the market coupling process not be finalized.

We would like to stress that, in this instance, there were no technical issues which posed a risk to the coupling process.

We apologize for any inconvenience that this incident may have caused.

Link to UMM regarding Peak Load Reserve activated in Lithuania:
http://umm.nordpoolspot.com/#!/messages/32241