Epex Spot To Start Nordic Intraday Power Trading In January, Day: ahead in March
19/11/2019 15:15
By Lefteris Karagiannopoulos
OSLO, Nov 19 (Reuters) - EPEX SPOT, part of European energy
bourse EEX, expects to launch its intraday power trading
platform in the Nordics in January, with day-ahead following in
March, the exchange told Reuters on Tuesday.
The launch will end a long-standing regional monopoly for
Nordic power exchange Nord Pool and increase competition between
platforms for spot electricity trading.
While EPEX received a licence at the beginning of 2019 to
operate an intraday market in Norway, permission to operate the
day-ahead market is still outstanding.
"For day-ahead, this licence is still to be issued by the
government," said an EPEX spokeswoman. "It is supposed to be
granted soon."
EPEX expects to have all needed permits for the day-ahead
market in place on March 10, it told Reuters in an email.
The EU legal framework allowing multiple electricity market
operators to work in the Nordic zone is expected to be
implemented from that date, it said, subject to testing and all
other implementation steps being carried out "without delay".
The so-called Multi-NEMO Arrangement will allow EPEX SPOT to
operate markets in the Nordic region, meaning Denmark, Finland,
Norway and Sweden. The additional licence in Norway is required
because Norway is not a member of the European Union.
"First member tests have already started and several members
of EPEX SPOT have successfully tested their technical set-up to
trade on the Nordic markets," EPEX said.
"More tests will follow before the launch of day-ahead and
intraday trading in the Nordics."
The expected launch dates are subject to successful testing
and regulatory approval, it said.
EPEX's parent EEX is Deutsche Boerse's DB1Gn.DE flagship
power derivatives market. EEX already trades financial power
derivative contracts in the Nordics, competing with Nasdaq
NDAQ.O in the futures market.
Nord Pool is owned by power transmission system operators
from the Nordic and Baltic countries.
(Reporting by Lefteris Karagiannopoulos)
((lefteris.karagiannopoulos@thomsonreuters.com; +47 23316519;
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