All NEMO Committee’s Post

🎬 ENTSO-E Market Report Video Series (new episodes) ! 〽️ We are releasing today new videos of the Market Report video series. In episodes 4 to 6, we’ll cover: 🔌 Single day-ahead and intraday coupling milestones Explore the key achievements in the single day-ahead and single intraday coupling projects. Learn how TSOs and NEMOs are enhancing market efficiency across Europe. ⚡Day-ahead capacity allocation process How does the daily pan-European auction process work? Discover how TSOs and NEMOs collaborate to determine electricity prices and cross-zonal exchanges for the next day. 🔁 ENTSO-E market coupling progress Find out more on our continued work on market coupling, which ensure effective electricity trading across European borders.   Today’s videos can be found here 👉 https://lnkd.in/e7H-fpAn Want to read the full market reports? Check the publication here 👉 https://lnkd.in/etpG3ADT Join us every Tuesday as we explore key developments shaping Europe’s electricity market ! 🌍 #MarketReport #ElectricityMarket #TSOs #Sustainability #ENTSOE

🌍⚡ Building Liquidity in the Nordic Power Market: Signs of Trust and Growth ⚡🌍 While trading volumes in EEX's Nordic Power offering are still relatively low compared to other markets, there's a growing sense of confidence among market participants in European Energy Exchange AG's Nordic offering. Like ships navigating the Norwegian coastline guided by a lighthouse (here the famous "Andenes Fyr" in Artic Norway, bidding zone NO4), traders are increasingly using EEX Nordic Futures prices as a reference. This week we saw trading activity in daily contracts (in Denmark), quarterly and yearly contracts (in Sweden) and for the first time orders up to year 2027 in Sweden and Finland in the EEX Nordic Zonal Futures. Interestingly, this week's trading activity was evenly split between Nordic and international customers. That's another sign that it takes both local and international players to build liquidity in the market. Just as the small stone globe next to the Andenes lighthouse symbolises how even remote places in Norway are connected to the world. 🌍 Have a great weekend everyone and let's continue #BuildingMarketsTogether next week PS: Photos taken by myself earlier this summer

Next Tuesday, Volue is hosting a webinar together with HUPX Hungarian Power Exchange Ltd. on the upcoming Intraday Auctions. I will join to discuss how to leverage the intraday auctions, and will share our views based on our current work with the market participants that prepare their operation for the intraday auctions. Roughly speaking there are three groups: 1. Those without clear plans on how to leverage the intraday auctions. 2. Active participants in the continuous intraday market which wants to also leverage the intraday auctions to exploit their possibilities (more cross-border capacity, different volumes,prices). 3. Participants not active in the continuous intraday market, which can benefit from the intraday auctions to trade closer to delivery to reduce their imbalances. Join us next Tuesday to learn more, and to hear also from EU Agency for the Cooperation of Energy Regulators (ACER), traders from Uniper and Alpiq and from HUPX Hungarian Power Exchange Ltd.. Secure your spot by registering here: https://lnkd.in/ee936iBP

What are the effects of bilateral trading of imbalances as a source of flexibility on the hosting capacity (HC) analyses of distribution systems? We published our results in the CIRED 2024 Vienna Workshop. https://lnkd.in/d_D45GvX

🎉 6 Months of EEX Nordic Zonal Futures! 🎉 Six months ago, we took an important step in the Nordic power market with the launch of EEX Nordic Zonal Futures. For me, but also for my colleagues at European Energy Exchange AG and clients in the market, the weeks and months after the launch have been a bit of a challenge. We were eager to engage with the trading community, but we couldn't really do so until late summer. So I'm happy that, despite all the challenges and the tricky start, we are seeing confidence and trust in the EEX Nordic offering. I'm delighted to say that market participants have already traded 1.8 TWh in the new Nordic Zonal Futures and have already opened positions all the way up to Calendar Year 2027! Also volumes in EEX's Nordic System Price Futures are already up by 62% year-on-year 📈 We all know that trust is the key to success in every market. So, we've been listening carefully to all the thoughts, feedback and, at times, constructive criticism of our clients over the past couple of weeks in countless conversations. We're committed to working hand-in-hand with the community to make this market a success! We are currently working on a few things to make sure we can deliver on our promise! 1. we'll be launching a weekly newsletter for the Nordic market very soon 2. we'll also be forming a working group with traders from the region 3. we’ll be hosting a workshop and reception in Copenhagen this November. Building a market is a bit like hiking – it's a step-by-step process, and we're all in this together! Each step brings us closer to a stronger, more liquid market, and we're grateful to be taking these steps with the trust and partnership of the Nordic power community. We will continue to listen, collaborate, and respond to the needs of the Nordic market. Please don't hesitate to reach out if you want to know more. Have a wonderful weekend and let's continue #BuildingMarketsTogether P.S.: The pictures were taken on a hike in the Skibotn/Lyngenfjord region in Norway this summer. Anje Stiers Anders Juul Cassøe Erik Bakker Agnes Stephens Tim Greenwood

#mdpienergies #IssueCover #callforreading All articles in Energies MDPI (ISSN 1996-1073) Vol 17, Issue 8, are now freely available to access, read and download: 👉 https://t.ly/_0wob Cover Story: Breaking Borders with Joint Energy and Transmission Right Auctions—Assessing the Required Changes for Empowering Long-Term Markets in Europe 👉 https://t.ly/xoC0B

Resource adequacy and capacity markets in Europe are a hot topic for the next decade, with most member states seeing requirements for a mechanism by 2033. ❓ But what does this mean for demand side flexibility (DSF) and battery storage (BESS) ❓ 👬 Participation - currently there are 10 active resource adequacy mechanisms in Europe, but only half see DSF and BESS participating 🚧 Barriers - these still exist for DSF and storage to freely participate, namely aggregation not being allowed, harsh de-rating factors, stringent metering requirements and high minimum bid sizes 🤔 Why is it important - capacity markets provide flexible units with revenue certainty in a value stack that otherwise is made up of volatile markets. Alternatively, DSF and BESS can bring cheaper, less carbon intensive means to provide long term resource adequacy 🏆 Leading countries - Poland, France, GB, Belgium, Ireland and Italy have all seen participation from DSF and/or storage in latest auctions, but have different commercial considerations around auction prices, de-rating factors and activation 👀 Emerging markets - several TSOs are considering the establishment of new resource adequacy mechanisms, but key emergents include Germany and Spain who have published more concrete plans 🔦 Want more insight? - here at LCP Delta we just published our updated reports analysing the landscape of capacity markets, exploring how DSF and BESS participate, explaining the process of entering, and discussing the future direction of these various schemes 👉 These reports are available for Flexibility Research Service subscribers to view here: https://shorturl.at/9OA4s 👋 Fancy a chat? - we had a flurry of auction results before the end of 2024, and have the upcoming GB auction in March, so if anyone is interested in a more general conversation regarding these markets, please reach out! #energy #netzero #flexibility

📣Last 13th June, #NEMOs All NEMO Committee in cooperation with #TSOs launched the Pan-European Intraday Auctions #IDAs for delivery on 🗓️14th June. The three new #IDAs are now part of our EU-wide Single Intraday Coupling #SIDC and have replaced the different national and regional intraday auctions implemented across Europe in the last years. 🐣In 1998, 🇪🇸Spain was the first Member State to implement #IntradayAuctions in the spot electricity market. The Spanish market started with two intraday auctions in 1998 and evolved towards six auctions in 1999. 🐣In 1999, the intraday market started in 🇫🇮Finland and 🇸🇪Sweden with the introduction of a #ContinuousTrading platform, where market participants had the possibility as well of adjusting their positions after the day-ahead market. The continuous trading model was extended to other Nordic and Central European countries in the following years. 🐥In 2007, 🇪🇸Spain and 🇵🇹Portugal materialized the integration of the spot markets through the Iberian Electricity Market #MIBEL. In this context, the #IntradayAuctions became a #regional market. 🐥In 2009, 🇮🇹Italy introduced national #IntradayAuctions as well, starting with two sessions and increasing this number to seven. Afterward, several Member States implemented intraday auctions (i.e.: Germany, 2014) in the following years since it was clear that these markets facilitated the penetration of #RES and more active participation of the #demand. 🇪🇺In 2009, the Electricity Regulatory Forum #FlorenceForum led by the Europeaan Commission endorsed the so-called European target model for the EU wholesale electricity market. This was the ignition point to consider the #IntradayAuctions as a #complementary market instrument to the cross-border implicit #ContinuousTrading as part of the EU Electricity market. At that time, although intraday trading did not exist in most of the European borders it was already evident that pricing intraday cross-border capacities should be a matter of time. 🇪🇺In 2015, the Regulation on Capacity Allocation and Congestion Management #CACM formally considered #pricing intraday #CrossBorder #Capacities as part of the #SIDC. 🇪🇺In 2018, the Single Intraday Coupling #SIDC started operating in 15 Member states and this European cross-border continuous trading was complemented by the existing Iberian regional IDAs and later on with the so-called CRIDAS (Greece, Italy and Slovenia) in 2021. 👏👏I am happy to share with my LinkedIn network that after more than 25 years of discussions about the pros&cons of auction-based against continuous or vice-versa, … the two ways of trading have become #European and have finally met as #complementary ones to deliver #MoreEurope and #MoreMarkets

Why #MarketCoupling in the electricity market is so critical? ⚡️ Let’s highlight some insights from Yesterday’s events 💡 One of the foundations of the current European Electricity Market Design 🇪🇺 is market integration (coupling). Market coupling maximizes the overall benefits of trading by promoting effective competition, increasing liquidity and facilitating efficient price formation, and cross border exchange between bidding zones. Yesterday the Single Day-Ahead Coupling (SDAC) experienced an incident resulting in the decoupling of the Nordic/Baltic region from SDAC, as well as a partial decoupling of the Core region (encompassing 13 countries in western and central Europe). This exceptional situation has reflected the price volatility that can occur when electricity markets are not coupled‼️ Notably, according to local auction (isolated) results from EPEX SPOT, there was a stark price spread between the French and German bidding zones, with daily averages of €2.96/MWh and €492.04/MWh respectively, and some hours even reaching a price spread of over €1,500/MWh 🤯. This contrasts sharply with the prices for these bidding zones resulting from the SDAC, as published by Nord Pool. This makes me wonder, what the outcome (the counterfactual) would have been if these bidding zones had been fully coupled? 🤔   ℹ️While this may be open to an interesting debate, what is clear is that this event only adds value the importance of expanding interconnections, which can dilute problems and spread the benefits of market coupling.

⚡ Before the end of this year, the Nordic capacity markets will undergo significant changes. Q4 is on! ⚡   In October... 🎃 ⤵️   As part of the transition to PICASSO, the aFRR capacity market in DK1 will undergo a re-design. The current monthly/weekly pay-as-bid structure will be replaced with a daily auction featuring marginal pricing. This new market design is expected to align with the framework used in the common Nordic aFRR capacity market.   However, for the time being, DK1 will continue to operate as an independent market, with all required aFRR capacity being procured locally. The first two auctions for 2nd and 3rd of October show average prices for up in DK1 to be 103 EUR/MW compared to 17 EUR/MW for DK2, and 12 EUR/MW for down compared to 14 EUR/MW for DK2. 🇩🇰   Optimeering has specifically built and are maintaining pricing and clearing algorithms for all the Nordic reserve capacity markets. Utilize these deep insights in making same-day power market operations forecast and automation. At our Forum earlier this year deep insights about mFRR, aFRR, FCR pricing and clearing and market dynamics were presented by our CEO Gavin Bell and CAO Magnus Hausken. 🚀 #PowerMarket #PICASSO #Energy