Energy markets weekly: Brent,...

During the fourth week of August, Brent oil futures for the Front Month...

Europe: Electricity prices show...

During the fourth week of August, electricity prices in major European markets showed...

European electricity demand trends:...

During the last week of August, electricity demand rose in most major European...

European solar and wind...

During the week of August 25, solar photovoltaic (PV) energy production declined across...
Supported byClarion Energy
HomeSEE Energy NewsRegion: Go-live of...

Region: Go-live of Interim Coupling successful

The project parties of the Interim Coupling are pleased to announce the successful go-live of the Interim Coupling solution. On 17 June 2021, for the first time, day-ahead cross-zonal capacity on the 6 new borders (PL-DE, PL-CZ, PL-SK, CZ-DE, CZ-AT, HU-AT) has been implicitly allocated via the Euphemia algorithm. The implemented price coupling allows for the simultaneous calculation of electricity prices and cross-border flows across the region. The efficient use of the power system and cross-border infrastructures, brought about by stronger coordination between energy market stakeholders, and maximizes social welfare to the benefit of all market participants.

The Interim Coupling project was launched in December 2018 following the request of the relevant national regulatory authorities (NRAs) in order to further develop regional integration of day -ahead organized electricity markets. The project aimed to connect the borders of 4M MC (Czech- Slovak-Hungarian-Romanian market coupling) with the Multi-Regional Coupling (MRC) by introducing Net Transmission Capacity (NTC) based implicit capacity allocation on the above-mentioned six borders.

The successful new coupling is the result of the close cooperation among the Interim Coupling Project NEMOs (EPEX SPOT, EXAA, HUPX, Nord Pool EMCO, OKTE, OPCOM, OTE, TGE)and TSOs (50Hertz, APG, CEPS, MAVIR, PSE, SEPS, TenneT DE, Transelectrica), together with the respective NRAs (ANRE, BNetzA, E-Control, ERU, MEKH, URE, URSO).

This NTC-based market coupling represents a major step towards the achievement of European Single Day-ahead Coupling. The next step consists of the introduction of the flow-based capacity calculation method in the framework of the Core Flow-Based Market Coupling project, which is the target model for day-ahead market coupling.

 

Supported byOwner's Engineer banner

Recent News

Supported byspot_img
Supported byspot_img

Latest News

Supported byspot_img
Supported bySEE Energy News

Related News

Energy markets weekly: Brent, TTF gas and CO2 prices show moderate fluctuations in late August

During the fourth week of August, Brent oil futures for the Front Month on the ICE market reached a weekly high settlement price of $68.80/bbl on Monday, August 25. Prices then fell 2.3% on Tuesday, August 26, hitting a...

Europe: Electricity prices show mixed trends in late August, forecasts point to September declines

During the fourth week of August, electricity prices in major European markets showed mixed trends compared to the previous week. The Nord Pool market in the Nordic countries recorded the largest weekly average increase at 58%. Italy’s IPEX market...

European electricity demand trends: August growth in most markets, UK declines

During the last week of August, electricity demand rose in most major European markets compared to the previous week. Italy saw the largest increase at 6.3%, followed by France at 3.2% and Germany at 2.1%. Spain recorded the smallest...
Supported byVirtu Energy
error: Content is protected !!