NEMO Committee Newsletter January 2024

NEMO Committee Newsletter October 2023

Registration form and agenda for the first Annual Conference held by All NEMO Committee

NEMO Committee Newsletter July 2023

Invitation to the first Annual Conference held by All NEMO Committee

NEMO Committee Newsletter April 2023

NEMO Committee newsletter, January 2023

Invitation: Second Market Coupling Consultative Group meeting

NEMO Committee newsletter, October 2022

COVID-19 outbreak – NEMOs and TSOs are safeguarding the Day-Ahead and Intraday market coupling

The nominated electricity market operators (NEMOs) and transmission system operators (TSOs) have published a statement on the safeguarding of day-ahead and intraday market coupling, which is available under this link.

SIDC: Record Months and Welcoming New Members

The Nominated Electricity Market Operators (NEMOs) and Transmission System Operators (TSOs) involved in the European Single Intraday Coupling (SIDC – formerly known as XBID) are pleased to announce that the intraday markets coupled by SIDC have grown significantly as a result of the second-wave go-live in November 2019. 36 million trades have been executed since the first go-live in June 2018, with significant increases in traded volumes being seen - especially across the seven second-wave countries - while the system continues to perform well. In the meantime, the project has further extended its scope with the accession of Slovak members OKTE (NEMO) and SEPS (TSO).

Press release.pdf

The Basic Principles of the Interim Coupling Project

TSOs and NEMOs participating in the project DE-AT-PL-4M MC Project also known as Interim Coupling prepared a document summarizing the most important information on the project for market participants. It details topics such as the main changes brought by the project, how will the market participants be able to participate in the testing or a high-level overview of the technical design.

The information paper can be downloaded under the following link. Additional key information will be provided in the future by project parties via their web pages.

Information_paper_Interim_Coupling_March_2020.pdf

The annual report 2018 prepared by the Nominated Electricity Market Operators* in cooperation with Transmission System Operators monitors the implementation of the Capacity Allocation and Congestion Management Regulation (CACM) and the associated Algorithm methodology and it provides a comprehensive overview of the single day ahead and intraday coupling operations in 2018.

Link to the published annual report and also more information can be found in the attached press release or here.

*OTE was established as Nominated Electricity Operator in October 2015.

The Nominated Electricity Market Operators (NEMOs) and Transmission System Operators (TSOs) from Austria, Germany, Poland and the 4M Market Coupling (4M MC) countries, namely the Czech Republic, Hungary, Romania and Slovakia, announce the connection of 4M MC with the Multi-Regional Coupling (MRC) foreseen in Q3 2020. The DE-AT-PL-4M MC Project also referred to as the Interim Coupling project, has completed the design phase and now enters its implementation phase.

More information can be found in the enclosed press release.

Nominated Electricity Market Operators (NEMOs) and Transmission System Operators (TSOs) confirm the go-live for the second launch of SIDC (formerly known as XBID). This confirmation follows the successful completion of testing. At the go-live, all borders in the coupled 7 countries will be active apart from the Swedish/Polish border, which will be temporarily set to ‘inactive’ status, whilst outstanding issues are resolved. Multiple NEMO arrangements are implemented in Poland. Nevertheless, Nordpool EMCO, for the initial period from the 2nd Go-Live, will be the single shipper in Poland.

More information can be found in the attached press release.

Nominated Electricity Market Operators (NEMOs) and Transmission System Operators (TSOs) confirm the target date for the launch of SIDC (formerly known as XBID) and the go-Live of 2 further Local Implementation Projects on 19th November with first deliveries on 20th November. This confirmation follows the successful completion of testing and the first Market Trial period. The November 2019 go-live date is still subject to the completion of the required go-live preparation and launch activities. More information can be found in the attached press release.

The NEMO Committee propose amendments to Algorithm Methodology and ID Product Methodology to support market coupling evolutions

Following a public consultation, NEMOs today submitted to the Agency for the Cooperation of Energy Regulators (ACER) and to NRAs their proposal for review and approval of the Methodologies concerning the price coupling algorithm and continuous trading matching algorithm. The proposal includes a number of amendments to the Methodologies approved by ACER on 26 July 2018 through Decision 08/2018.

These amendments inter alia prepare the ground for the implementation of new pan-European intraday implicit auctions. These initiatives are key to the successful implementation of market coupling and to continuing to deliver increasing welfare benefits and energy security to consumers.

More information can be found in the attached press release.

NEMO Committee announces the launch of new website and launch of a joint public consultation on Algorithm Methodology

Today, the Committee of Nominated Electricity Market Operators (the NEMO Committee) announced the launch of a joint website aiming to present relevant information for all stakeholders, as well as provide updates on the work of the NEMO Committee. The new website aims to improve transparency to the market on the progress that the NEMOs achieve to build more efficient electricity markets. More information is available in the Press Release.

Today, all NEMOs and all TSOs also launched a joint public consultation, pursuant to Article 12 of Commission Regulation (EU) 1222/2015, on Algorithm Methodology review, including algorithm change control and algorithm monitoring, plus Single Intraday Coupling requirements annexe amendment for supporting Intraday Auctions, plus Single Intraday Coupling product methodology. The consultation will be open until 2nd July and it is accessible from both the NEMO Committee (www.nemo-committee.eu) and ENTSO-E websites (www.entsoe.eu).

Today, the Committee of Nominated Electricity Market Operators (the NEMO Committee) announced the launch of a joint website aiming to present relevant information for all stakeholders, as well as provide updates on the work of the NEMO Committee. The new website aims to improve transparency to the market on the progress that the NEMOs achieve to build more efficient electricity markets. More information is available in the Press Release.

Today, all NEMOs and all TSOs also launched a joint public consultation, pursuant to Article 12 of Commission Regulation (EU) 1222/2015, on Algorithm Methodology review, including algorithm change control and algorithm monitoring, plus Single Intraday Coupling requirements annexe amendment for supporting Intraday Auctions, plus Single Intraday Coupling product methodology. The consultation will be open until 2nd July and it is accessible from both the NEMO Committee (www.nemo-committee.eu) and ENTSO-E websites (www.entsoe.eu).

On 26 July 2018, the Agency for the Cooperation of Energy Regulators (ACER) approved in accordance with the CACM Regulation the methodology for the price coupling algorithm and the continuous trading matching algorithm also incorporating a common set of requirements: Methodology for the price coupling algorithm and for the continuous trading matching algorithm.pdf, Common set of requirements for the price coupling algorithm.pdf, Common set of requirements for the continuous trading matching algorithm.pdf.

The methodology includes the rules for the development and maintenance of the price coupling algorithm and the continuous trading matching algorithm. It also covers the requirements that both algorithms must meet.

The methodology was prepared and approved by the NEMO Committee and in cooperation with the relevant TSOs on the basis of the request for change NEMO received from all NRAs in August 2017. On 13 November 2017, NEMO submitted the amended proposal for approval in accordance with the requirements of the CACM Regulation. In the next step, the proposal was submitted by all national regulators to the Agency for the Cooperation of Energy Regulators (ACER) in January 2018. Besides the amendments to improve the legal clarity of the document, the Agency impose more concrete and legally enforceable requirements on NEMOs with regard to their obligations to develop the algorithms and with regard to the underlying rules for monitoring and changing the algorithms.

On 19 February 2018, the Energy Regulatory Office (ERO) approved the following methodologies in accordance with the CACM Regulation:

• Products that can be taken into account by NEMOs in single day-ahead and intraday coupling (English only): SDAC_Products_Proposal.pdf, SDIC_Products_Proposal.pdf,
• Backup Methodology (English only): Backup_proposal.pdf.

The methodologies were prepared and approved by the NEMO Committee and in cooperation with the relevant TSOs on the basis of the request for change which was received by NEMOs in August 2017 from all national regulators.

A proposal for the price coupling algorithm and for the continuous trading matching algorithm, also incorporating TSOs’ and NEMOs’ proposals for a common set of requirements, was submitted by all national regulators to the Agency for the Cooperation of Energy Regulators (ACER).

On November the 14th 2017, the Agency for the Cooperation of Energy Regulators (ACER) officially decided on the All NEMOs’ proposal for harmonized maximum and minimum clearing prices to be applied in all bidding zones which participate in single-day-ahead and single intraday coupling (Harmonized Max-Min Price Proposal), in accordance with Art. 41(2) and Art. 54(2) of Commission Regulation 1222/2015 establishing a guideline on capacity allocation and congestion management (CACM Regulation) and on the process of their automatic modification in case of a relevant market situation.

The Harmonized Max-Min Price Proposal will be implemented immediately after the MCO function has been implemented in accordance with Article 7(3) of the CACM Regulation.

The documents approving the Proposal are available on ACER webpage including relevant Annexes.

Submission of the revised Proposals for conditions or methodologies according to the CACM Regulation for approval

On Monday 13th November 2017 the NEMOs submitted revised Proposals on the following conditions or methodologies in accordance with the requirements of the CACM (Capacity Allocation and Congestion Management) Regulation:

• Proposal for products that can be taken into account by NEMOs in single day-ahead and intraday coupling,
• Proposal for the price coupling algorithm and for the continuous trading matching algorithm, also incorporating TSO and NEMO proposals for a common set of requirements,
• Proposal for the backup methodology.

The Energy Regulatory Office (the ERO) approved on 26 June 2017 a plan to jointly establish and perform the functions of the entity performing reconciliation for market coupling – the MCO plan. This step represents a significant milestone in creating a single electricity market.

The MCO plan establishes management and cooperation rules between NEMOs (the Nominated Electricity Market Operator), defines the relationship with third parties, and also describes the transition of existing initiatives of coupled day and intraday markets into a single coupled day and intraday market.

The approved version of the MCO Plan: MCO Plan.pdf

Creation of the MCO Plan and submitting it to National Regulatory Authorities represent meeting the requirements of the CACM Regulation (Commission Regulation (EU) 2015/1222 of 24 July 2015 establishing a guideline on capacity allocation and congestion management).

NEMO Committee Press Release.pdf

OTE Press Release

In accordance with Article 9 of the Commission Regulation CACM, the Nominated Electricity Market Operators, where relevant in cooperation with the TSOs, on 14 February 2017 submitted to regulatory authorities the final proposals for terms and conditions or methodologies.

NEMO Committee” established; MCO Plan submitted

On 14 April 2016, the NEMO Committee, representing all 19 NEMOs from across Europe, submitted to National Regulatory Authorities (NRAs) and ACER the plan that specifies how to jointly set up and perform the Market Coupling Operator (MCO) function (the “MCO Plan”). The MCO Plan details the governance and cooperation rules among the NEMOs and outlines the relationship with third parties. The MCO Plan also defines the t