Successful Go-Live of Nordic Multi-NEMO Day-Ahead Market Coupling
The project parties of the Nordic Multi-NEMO Day-Ahead Market Coupling are pleased to announce that the Multi-NEMO Arrangement (MNA) has been successfully implemented in the Nordic region. The first trading day with MNA in place was successfully completed on 03 June 2020.
By introducing the MNA in the region, the Single Day-Ahead Coupling is accessible to more than one NEMO (Nominated Electricity Market Operator) in the 12 Nordic bidding zones. To implement the MNA, the legal arrangements, systems landscape and operational procedures in the Nordic region were comprehensively adapted to be compliant with the Guideline for Capacity Allocation and Congestion Management (CACM). The general principles of capacity calculation and allocation are not affected by the introduction of the MNA.
The Nordics is the second region in Europe to implement the MNA framework in compliance with CACM, thereby fostering competition across Europe and supporting the aim of a fully integrated European Energy Market.
This go-live is the result of the cooperation of 11 project parties and over a year of extensive testing. Project parties include four Transmission System Operators; Energinet, Fingrid, Statnett, and Svenska kraftnät, three designated NEMOs; EPEX SPOT, Nasdaq and Nord Pool plus service providers ECC, eSett, JAO, and the Nordic RSC. The exact timing of Nasdaq’s commercial go-live will be announced at a later time.
Juha Hiekkala, Fingrid, juha.hiekkala[at]fingrid.fi