Montel’s Post

Power exchange Nord Pool will provide a new trading platform to manage flows on the 1.4 GW North Sea Link between Norway and the UK, National Grid said on Thursday.   Nord Pool has operated the solution since the cable went live in 2021, enabling implicit auctioning where power flows are guided by spot prices on both sides. But owners National Grid and Statnett launched a tender for a new and improved system starting September next year, which will also open the Norwegian auction to other exchanges in line with EU regulations.   The updated platform will introduce intraday auctions and move to 30-minute resolution, at least for intraday trading. The contract covers a daily day-ahead auction and two intraday auctions, with the possibility of a third, and runs for up to 10 years subject to regulatory approval.   Link to the full reporting by Olav Vilnes can be found in the comments section. #energymarkets #eneryinsights #nordics