Nord%Pool
2017 6 2929

A 2E0konzal
46

Nord%Pool
2017 4 3
Nord%Pool%!
!
!
••
•!
•1

2
Nord%PoolXBID: Cross Border Intraday3Norway:• Population+

5,5+mill• Peak+load:+

24+000MW• Installed+capacity:+

30+000MW• Annual+Consumption:

119+TWh• Normal+production:

125+TWh• Variation.

60+TWh• Hydro+production:

99%

Nordic:• Population+>24+mill• Peak+load:

69+000MW• Installed+capacity:

89+000MW• Annual+consumption:

412+TWh• Production:• Hydro:• Nuclear:• Thermal:• Wind:50,000MW

12,000MW85%

52% Nord%Pool
14%
32%2%

6,000MW
Nord%PoolNord%Pool

4TSO

Statnett& – Norway& – 28.2%

Elering – Estonia – 2%

Svenska Kraftnät – Sweden –28.2%

Litgrid – Lithuania – 2%

Energinet – Denmark – 18.8%

AST&– Latvia&– 2%

Fingrid – Finland& – 18.8%
Nord%PoolNord%Pool!

!

!
!

56!
•!
•! Nord%Pool•

Nord%Pool

Nord%PoolNord%Pool

7

1991
1996
1998

Nord%Pool

2000

Nord%Pool2010

Nord%Pool2013

Nord%Pool2016

13NEMO

Nord%Pool8

Nord5Pool5offices5
Nordic/Baltic5 and5UK5– day4ahead5and5intraday55
FINLAND

Intraday5with5access5to5Nordic5volumes5

SWEDEN

Serviced5markets5YTD

RUSSIANORWAYESTONIALATVIA
DENMARKLITHUANIABELARUSIRELANDUK

NETHER4LANDSPOLANDUKRAINEGERMANYBELGIUMLUXEMBOURG

FRANCECZECH5REPUBLICSLOVAKIA

AUSTRIA

MOLDOVAHUNGARYSWITZERLAND

ROMANIASLOVENIACROATIABOSNIA5&5 SERBIAHERZEGOVINAANDORRAITALYMONTE4NEGROBULGARIAKOSOVO

MACEDONIAPORTUGALSPAIN

TURKEYALBANIAGREECE

Nord%PoolNord%Pool

NEMO

9NEMO =%Nominated%Electricity%Market%Operator
EU1FINLAND
SWEDENRUSSIANORWAYESTONIALATVIA
DENMARKLITHUANIABELARUSIRELANDUK

NETHER4LANDS

NEMO%status%approved

POLANDUKRAINEGERMANYBELGIUM

Serviced%markets
Norway%is%not%part%of%EU%(we5operate5
under5a5license5from5the5Norwegian5
Water5Resources5and5Energy5Directorate5(NVE))

LUXEMBOURG

FRANCECZECH5REPUBLICSLOVAKIA

AUSTRIA

MOLDOVAHUNGARYSWITZERLAND

ROMANIASLOVENIACROATIABOSNIA5&5 SERBIAHERZEGOVINAANDORRAITALYMONTE4NEGROBULGARIAKOSOVO

MACEDONIAPORTUGALSPAIN

TURKEYALBANIAGREECE

Nord%Pool10Nord%Pool

XBID: Cross Border Intraday

Nord%Pool

11500TWh
5TWh
109TWh391TWh

99%
Nord%PoolNord%Pool

12380

Nord%Pool13! Participant%member•€18,000••• Nord%Pool! Client%member•••€3,000Nord%Pool
10!

NASDAQ•

Nord%Pool!

•0 1!

Nord%Pool

•
TSO!
•TSO!
•14

15
Nord%PoolXBID: Cross Border Intraday

116!
••
•!
••

!
••

Nord%Pool

17

Nord%Pool18
Nord%PoolXBID: Cross Border Intraday

19

Nord%Pool20
Nord%PoolXBID: Cross Border Intraday21! 10:00%CET! 12:00%CET! 12:00012:42%CET! 12:42%CET! 12:51%CET! 14:00%CET Nord%Pool! 14:30%CET

22!
••
• CO2
•!
••!
•••

23Nord%Pool

XBID: Cross Border Intraday24! TSO•
5! Bidding&areas&are&determined&by&TSOs:– Norway•

5&areas 4– Sweden•

4&areas 1– Finland•

1&area2•– Estonia•– Latvia•

1– Denmark– Lithuania&2&areas

1&area11&area

11&area! Orders&on&the&DayDAhead&market&are&!bidding&areaDspecific:– Buying&is&possible&from& any&area&(balancing&•agreement)•– Selling& is&possible&only&within&areas&where&the&trader&owns&production& capacity
Source:&Nord&Pool&website&26 th January&2016.&Click&map&for&todays&prices

25! Each%morning%the%TSOs%determine%the%trading%capacity%between%each%bidding%area:– Trading% capacities%for%the%next%day%are%published% on%Nord% Pool's%website%at%10:00%CET– All% trading% capacity%between%the%Nordic%and%Baltic%bidding% areas%is%dedicated%to%Nord% Pool%
for%implicit% auction! Implicit(auction,(performed(through(market(coupling,(simultaneously(
determines(prices,(sell(and(purchase(volumes(and(flows(between(bidding(areas:– All% trading% capacity%is%available%to%all%market%
participants%on%equal% terms%– There% are%no%explicit%capacity%auctions%on
these%connections
Source:%Statnett%website%5 th March%2016.%Click%map%for%updated%ATC.%

Nord%Pool

26
Nord%PoolXBID: Cross Border Intraday

EU
PCR

23EU

27
Price%Coupling%Regions

90

FINLANDSWEDENRUSSIANORWAYESTONIALATVIA
DENMARKLITHUANIABELARUSIRELANDUK

NETHER4LANDSPOLANDUKRAINEGERMANYBELGIUMLUXEMBOURGCZECH5REPUBLICSLOVAKIAMOLDOVA

Part%of%PCR%initiative% today
FRANCE4%MMC 4M%Market%Coupling

AUSTRIAHUNGARYSWITZERLAND

ROMANIASLOVENIA

Independent

CROATIABOSNIA5&5 SERBIAHERZEGOVINAANDORRAITALYMONTE4NEGROBULGARIAKOSOVO

MACEDONIAPORTUGALSPAIN

TURKEYALBANIAGREECE

Nord%Pool

28!
Nord%Pool•! Nord%Pool••! PCR%Matcher%Broker• Nord%Pool• Euphemia! Euphemia•PCR

EUPHEMIA

29! EUPHEMIA:) EU)+)Pan-European)Hybrid)
Electricity)Market)Integration)Algorithm! It)maximizes)the)welfare)of)the)solution:– Most)competitive)price)will) arise– Overall)welfare)increases– Efficient)capacity)allocation)! Utilized)by)six)power)exchanges)(PX))each)operating)several)bidding)areas:– All) bidding) areas)are)matched) at)the)same)time– Each)bidding) area)can)obtain)a)different)
price.)Price)must) respect)maximum) and)minimum) market) price)boundaries

Nord%Pool

30
Nord%PoolXBID: Cross Border Intraday31! Single%Hourly%Orders
http://www.nordpoolspot.com/TAS/Day0ahead0market0Elspot/Order0types/Hourly0bid/! Block%Orders• Regular%Block%Orders• Profile%Block%Orders• Curtailable%Block%Orders;%Minimum%Acceptance%Ratio• Linking%of%Block%Orders
http://www.nordpoolspot.com/TAS/Day0ahead0market0Elspot/Order0types/Block0bid/! Exclusive%Groups
http://www.nordpoolspot.com/TAS/Day0ahead0market0Elspot/Order0types/exclusive0group/! Flexible%Hourly%Orders! Flexible%Orders
http://www.nordpoolspot.com/TAS/Day0ahead0market0Elspot/Order0types/Flexi0order/

32
Nord%PoolXBID: Cross Border Intraday

Nord%Pool! Nord%Pool!
!
•! Nord%Pool

33EU

Nord%Pool34!
• What%you%see%is%what%you%get%/%First%come,%first%sirved• Best%priced%orders%first!
! TSO
•TSO!

• DNK,%LVA,%LTU,%NOR,%SWE,%GBR

30• DEU 20

1

• FIN,%ESTTSO

0

35
14:00

!
•

8:00

!
•!
•!

Nord%Pool

2015

36!

2015:&5&TWh&another&record&year!

3/4&of&trades&are&cross&border&!

1/3&of&trades&done&the&last&hour!

150&members& in&14&countries

Nord%Pool

37
Nord%PoolXBID: Cross Border Intraday38! Limit%Order%(LO)– Can%be%matched% either%in%part%or%its%entirety! Fill%or%Kill%(FOK)– Order% is%either%filled% entirely%or%cancelled! Immediate%or%Cancel%(IOC)– Order% is%filled% to%the%extent%of%the%quantity%that%
can%be%immediately% filled%at%the%requested% price– The% remainder% of%the%order%is%cancelled! Iceberg%Order%(IBO)– Iceberg%order%is%a%type%of%order%for%which%a%total%volume% and%a%displayed% volume% (slice)%are%specified– When%the%entire%slice%is%executed,% automatically%another%slice%is%entered%in%the%order%book

http://www.nordpoolspot.com/TAS/intraday0trading/order0types/

Nord%Pool39Nord%Pool

XBID: Cross Border Intraday

40

XBID:%Cross%Border%Intraday
TSOs5and5PXs5participating5f or5developing5
and5implementing5the5XBID5Solution5
FINLAND

PXs5participating[5TSO5observ er! EU5target5model5for5a5
Common5European5
Cross4Border5Intraday5
Market5! 45Power5exchanges5and5
175TSOs5

SWEDENRUSSIA

PXs5participating,5adherence5to5
joint5project5ongoing
NORWAYESTONIALATVIA

DENMARKLITHUANIABELARUSIRELAND
UK! Go5live5target5date:
Q352017

NETHER4LANDSPOLANDUKRAINEGERMANYBELGIUMLUXEMBOURGCZECH5REPUBLICSLOVAKIA! Equal5treatmentFRANCE! Shared5Order5Book

AUSTRIA

MOLDOVAHUNGARYSWITZERLAND

ROMANIASLOVENIACROATIABOSNIA5&5 SERBIAHERZEGOVINAANDORRAITALYMONTE4NEGROBULGARIAKOSOVO

MACEDONIAPORTUGALSPAIN

ALBANIAGREECE

Nord%Pool

TURKEY

XBID

41

TSOs

! Intraday)Web! API! TSO)NominationNord)Pool)
Members

Shared)Order)Book

Shipping) agents

Capacity)
Manage?
mentLocal)
Platforms

Other)
Power
exchanges

Shipping!
!
!
!
!
!

1st line) support
ClearingRemit)reporting
UMMLocal)products
Market)dataCentral)Counter) Parties

Nord%Pool42
Nord%PoolXBID: Cross Border Intraday

43!
•!
••
•

XBID

EU44

http://ec.europa.eu/energy/infrastructure/transparency_platform/map0viewer/main.html

45! Nord%Pool••! EU•• XBID•46Nord%Pool

XBID: Cross Border Intraday