'Go or no-go' call expected on NWE coupling by 12 November
The parties behind the northwestern European (NWE) day-ahead market coupling project expect to make a go or no-go decision before 12 November regarding the likely 26 November launch date.
An announcement is expected before the European Commission-organised Electricity Regulation Forum, also known as the Florence Forum, scheduled for 12 November, a spokeswoman for APX, one of two UK power exchanges involved in the project, confirmed on Thursday.
The 26 November launch date was communicated to the market at the end of last month ( see EDEM 26 September 2013 ).
The price coupling project will bring together the already coupled central and western Europe day-ahead markets of France, Germany, Belgium, the Netherlands and Luxembourg, with Denmark, Estonia, Finland, Austria, the UK, Latvia, Lithuania, Sweden and Norway.
Key changes to market coupling procedures include a longer calculation process, with prices published 42 minutes after gate closure, and UK auction gate closure at 11:00.
An hourly price floor of -€500/MWh and a ceiling of €3,000/MWh will be enforced when NWE coupling launches.
The relatively high and low levels are an indicator of how volatile short-term markets may become going forwards when broken down into hourly blocks with an ever-increasing amount of wind power generation capacity across the coupled area. Jamie Stewart
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