1.10.2013 13:00
Current News, International News, Electricity Market

NWE price coupling target launch date 26 November for delivery 27 November 2013

The project partners of the North-Western Europe (NWE) day-ahead price coupling project have set the target launch date of NWE on 26 November. NWE will be the first implementation of the Price Coupling of Regions (PCR) solution, developed by European Power Exchanges and will run in a common synchronised mode with South-West Europe (SWE). The launch is a significant step towards an integrated European power market.

The 17 project partners decided on the target go-live date following the current positive test status in the joint integration and simulation testing by the PCR project and NWE. The target go-live date is still subject to successful finalisation of testing, contractual arrangements as well as final regulatory approval. Price coupling allows cross-border transmission capacity to be used directly by Power Exchanges to minimise price spreads between markets – known as implicit allocation. The final go/no-go decision will be taken early November.
 
Read the full Press Release here.