Dear Market Participants,
Hereby, the Single Day Ahead Coupling (SDAC) parties would like to invite you to an SDAC decoupling training session, which will be held on 13/10/2022.
BACKGROUND
Since the go-live of Multi Regional Coupling (MRC, jointly with 4M MC forming SDAC) in 2014, more than 3,100 successful market coupling sessions have been conducted. In the last 4 years, four major incidents have happened that led to a partial decoupling of the SDAC Market. As part of the SDAC evaluation of these incidents, recommendations have been made to perform training sessions involving all operational parties (Transmission System Operators [TSOs], Nominated Electricity Market Operators [NEMOs], Central Clearing Parties, Shadow Auction entities, etc.) including Market Participants.
OBJECTIVE
This training session is organized to give all parties involved the opportunity to validate that they are properly prepared to handle such a day-ahead market decoupling incident in real operations and real-life conditions.
SCENARIO
Given the very high electricity prices situation in Europe, the SDAC parties are preparing a scenario that reflects these market circumstances and involves a full decoupling. This means that no SDAC market coupling results will be available, but local auctions/regional coupling will be triggered depending on the specific region. For your convenience, the session will take place outside of the usual SDAC operational timings in order not to interfere with ongoing operations.
The TSOs, NEMOs, and the Joint Allocation Office (JAO) will handle the situation in line with operational procedures. More specifically, shadow auctions will be run by JAO and local/regional coupled auctions will be run by the NEMOs after the Full Decoupling. Market Participants are expected to respond and act, based on the operational messages from their respective NEMOs and JAO, exactly like in real operations. The complete process chain will be addressed (incl. nomination and matching, unless explicitly stated otherwise in respective regions).
PLEASE NOTE
The entire training session will take place in a simulation environment. All operational messages from involved parties will be explicitly marked as "SIMULATION" messages. Please make sure that your operational staff present on 13/10/2022, whether you are participating or not, is aware that this training is scheduled and that messages related to it are sent out. This is important to prevent any type of misunderstanding that could impact the processes in production.
NEXT STEPS
• 19/09: Distribution of detailed information package to the Market Participants
• 30/09: Market Participant registration deadline towards its NEMO/JAO
• 13/10: Execution of the full decoupling training session
• 20/10: Collection of market participants’ feedback on the training session
Looking forward to a productive and constructive session together,
with kind regards,
Hereby, the Single Day Ahead Coupling (SDAC) parties would like to invite you to an SDAC decoupling training session, which will be held on 13/10/2022.
BACKGROUND
Since the go-live of Multi Regional Coupling (MRC, jointly with 4M MC forming SDAC) in 2014, more than 3,100 successful market coupling sessions have been conducted. In the last 4 years, four major incidents have happened that led to a partial decoupling of the SDAC Market. As part of the SDAC evaluation of these incidents, recommendations have been made to perform training sessions involving all operational parties (Transmission System Operators [TSOs], Nominated Electricity Market Operators [NEMOs], Central Clearing Parties, Shadow Auction entities, etc.) including Market Participants.
OBJECTIVE
This training session is organized to give all parties involved the opportunity to validate that they are properly prepared to handle such a day-ahead market decoupling incident in real operations and real-life conditions.
SCENARIO
Given the very high electricity prices situation in Europe, the SDAC parties are preparing a scenario that reflects these market circumstances and involves a full decoupling. This means that no SDAC market coupling results will be available, but local auctions/regional coupling will be triggered depending on the specific region. For your convenience, the session will take place outside of the usual SDAC operational timings in order not to interfere with ongoing operations.
The TSOs, NEMOs, and the Joint Allocation Office (JAO) will handle the situation in line with operational procedures. More specifically, shadow auctions will be run by JAO and local/regional coupled auctions will be run by the NEMOs after the Full Decoupling. Market Participants are expected to respond and act, based on the operational messages from their respective NEMOs and JAO, exactly like in real operations. The complete process chain will be addressed (incl. nomination and matching, unless explicitly stated otherwise in respective regions).
PLEASE NOTE
The entire training session will take place in a simulation environment. All operational messages from involved parties will be explicitly marked as "SIMULATION" messages. Please make sure that your operational staff present on 13/10/2022, whether you are participating or not, is aware that this training is scheduled and that messages related to it are sent out. This is important to prevent any type of misunderstanding that could impact the processes in production.
NEXT STEPS
• 19/09: Distribution of detailed information package to the Market Participants
• 30/09: Market Participant registration deadline towards its NEMO/JAO
• 13/10: Execution of the full decoupling training session
• 20/10: Collection of market participants’ feedback on the training session
Looking forward to a productive and constructive session together,
with kind regards,
Nord Pool desk
| T: +47 6710 9110 (Day-ahead desk) | E: dayahead@nordpoolgroup.com |
| T: +47 6710 9115 (Intraday desk) | E: intraday@nordpoolgroup.com |