Potential impact on data

EPEX SPOT and Swissgrid prepare for Market Coupling on Swiss borders


Cooperation Agreement to enable Day Ahead Market Coupling on Swiss borders if no objections from the relevant authorities of the European Union and Switzerland are raised.

Frick/Paris, 07/11/2013 – The European Power Exchange EPEX SPOT and the Transmission System Operator Swissgrid AG started cooperating with the aim to be ready to launch day-ahead market coupling projects in cooperation with other neighboring Transmission System Operators (TSOs).
The partnership is based upon the Price Coupling of Regions (PCR), which was chosen as the market coupling solution for the integration of the European electricity market. It is therefore consistent with the roadmap for the integration of the European internal electricity market published by the Agency for the Cooperation of Energy Regulators (ACER).
To this end, on 6 November 2013, with acceptance of the Swiss regulatory authority ElCom, the parties have signed a cooperation agreement defining the scope and the main features of their partnership. EPEX SPOT and Swissgrid will cooperate in day-ahead Market Coupling projects on Swiss borders. This includes the present activities on the Italian Border Market Coupling Initiative as well as future initiatives on the other Swiss borders.
Furthermore, EPEX SPOT will establish a subsidiary in Switzerland located in Bern, to answer the needs of the Swiss stakeholders and, in particular, to guarantee compliant market data provision to authorities according to Swiss legislation. The cooperation of Swissgrid and EPEX SPOT regarding Market Coupling will use the already existing trading platforms for the Swiss market without introducing new ones. There will be no impact on the current trading possibilities of members on the Swiss market platforms currently operated by EPEX SPOT.
By entering into the «Cooperation Agreement», Swissgrid and EPEX SPOT are making another step to strongly contribute to the integration process of wholesale electricity markets within Europe.

* * *

Swissgrid is Switzerland’s national Grid Company. As the owner of the Swiss extra-highvoltage grid, it is responsible for operating the grid safely and without discrimination, and for maintaining, modernising and expanding the grid efficiently and with respect for the environment. Swissgrid employs over 400 highly qualified people from sixteen countries at sites in Frick, Laufenburg and Vevey. As a member of the European Network of Transmission System Operators for Electricity (ENTSO-E), it is also responsible for grid planning, system management and market design in the cross-border exchange of electricity in Europe. Seventeen Swiss electricity companies jointly hold the entire share capital of Swissgrid.

EPEX SPOT SE operates the power spot markets for France, Germany, Austria and Switzerland (Day-Ahead and Intraday). Together these countries account for more than one third of the European electricity consumption. EPEX SPOT SE is a European company (Societas Europaea) based in Paris with a branch in Leipzig. 285 TWh were traded on EPEX SPOT’s power markets in the first ten months of 2013.

Price Coupling of Regions (PCR) is the initiative of seven European Power Exchanges (APX, Belpex, EPEX SPOT, GME, Nord Pool Spot, OMIE and OTE), to develop a single price coupling solution to be used to calculate electricity prices across Europe and allocate cross-border capacity on a day-ahead basis. This is crucial to achieve the overall EU target of a harmonized European electricity market. The integrated European electricity market is expected to increase liquidity, efficiency and social welfare. PCR is open to other European Power Exchanges wishing to join.

Data Sources: EPEX  |  Effective Date: November 07, 2013


Next
Next

More Articles on Data Vendors

Introduction of new products and data sources Rising Spot Trade Drives First Middle East-India LNG Price Index

Singapore, 5 July 2016 – Trade in LNG is increasingly moving to the Middle East after years centred on the major importing countries of northeast Asia. To provide much needed price transparency, global commodity market price reporting agency Argus has ... Read more »

Data Sources: Argus

Introduction of new products and data sources OTCGH: Expanding Dataset to 10 Year Forwards – Natural Gas Model Coming Soon

June 29, 2016 – The market data team will be expanding its gas forwards from the current 7 years of gas forwards currently being produced to 10 years. The new model will enter production Wednesday, June 29th, 2016. If you have ... Read more »

Data Sources: OTCGH

Introduction of new products and data sources Japan Electric Power Exchange and European Power Exchange EPEX SPOT to Cooperate on Multi-Market Product Design

Tokyo / Paris, 23 June 2016. Japan Electric Power Exchange (JEPX) and European Power Exchange EPEX SPOT today announce the signature of a Memorandum of Understanding (MoU). The MoU aims at a deepened cooperation of the two exchanges regarding the ... Read more »

Data Sources: EPEX

Introduction of new products and data sources CEGH to join PEGAS Platform

Vienna, Paris, Leipzig, 20 June 2016 –Parisian-based Powernext SA and the Austrian Central European Gas Hub AG (CEGH) have signed an agreement to jointly develop the Austrian as well as the Central and Eastern European (CEE) gas markets. In the ... Read more »

Data Sources: Powernext

Introduction of new products and data sources S&P Global Platts Launches Daily LNG U.S. Gulf Coast Price Assessment

Houston – June 16, 2016 – S&P Global Platts, the leading independent provider of information and benchmark prices for the commodities and energy markets, today launched the Platts LNG Gulf Coast Marker (GCM), a price assessment reflecting the daily export ... Read more »

Data Sources: Platts

Introduction of new products and data sources “NEMO Committee” Established to Manage Joint Responsibilities of NEMOs Under CACM: MCO Plan Submitted to NRAs

9 June 2016. Europe’s electricity spot exchanges that have been designated as NEMOs (Nominated Electricity Market Operators) have established the “NEMO Committee” to take forward their joint responsibility to further develop and operate the European single day-ahead and intraday market ... Read more »

Data Sources: EPEX

Introduction of new products and data sources OTCGH Add New Crude Model

June 2, 2016 – The market data team will be adding a new crude product, Middle East Sour Crude, to the Crude Model. In addition to adding the new crude location, we will be changing the format of the CSV ... Read more »

Data Sources: OTCGH

Introduction of new products and data sources EEX and Powernext Confirm Launch Date of Additional Trading Venues in Response to MiFID II

Leipzig/Paris, 02 June 2016 – EEX and Powernext have confirmed the launch date of the additional trading venues (non-MTFs) for German and French power derivatives as well as gas derivatives for all hubs and maturities available today through the regulated ... Read more »

Data Sources: Powernext

Introduction of new products and data sources OTCGH Adds New Refined Products Forward Curve Coverage

OTC Global Holdings will be adding 12 new refined products to the market offering on May 26th, 2016. The new locations are: Mediterranean – Fuel Oil 3.5% CIF MED Rotterdam – Fuel Oil 3.5% Barge FOB vs Brent Rotterdam – Euro-Bob Oxy FOB Rotterdam ... Read more »

Data Sources: OTCGH

Introduction of new products and data sources S&P Global Platts Launches New Platts Analytics Service: Mexico Energy Monthly

Mexico City – May 10, 2016 – S&P Global Platts, the leading independent provider of information and benchmark prices for the commodities and energy markets, today launched Platts Mexico Energy Monthly, which delivers news, supply and demand analysis — including ... Read more »

Data Sources: Platts

 

Page 1 of 3712345...102030...Last »