Transparency and information management in the Nordic electricity
- Slides: 8
Transparency and information management in the Nordic electricity market Nord Pool ASA / Nord Pool Spot AS July 2006
Purpose of transparency Information purpose: • Ensure that market participants obtain presice information that may impact market pricing of electricity products • Offset the differences of available information between market participants (level playing field) • Enables all market participants to make more qualified business decisions and thus enhances market efficiency and liquidity in the transparent organised markets Market surveillance purpose: • Supervise that market participants can be confident that the information is correct • Monitor that trading and price formation are conducted according to law and regulations
Transparency structure Information that market participants expect to receive in relevant regional or national market (Market Abuse Directive) Information that may impact market pricing of electricity products • Transmission • Generation • Consumption Information has to be relevant to the needs of a given national or regional market (a noticeable impact on prices) Publication in an uniform, understandable and timely manner Transparency needs vs. market abuse possibilities
Information management By an independent body in regards to both the information providers and the information users In the Nordic market all information is reported to Nord Pool for publication on web site (PEX)
Information management summary Information provider Information publisher Generation outages* Generators Nord Pool Consumption outages* Consumers Nord Pool Transmission outages*/capacities TSO’s Nord Pool Power system statistics – continuous and aggregated TSO’s Nord Pool * Planned and unplanned outages
Supervision Information management and market conduct supervised by an independent body (market surveillance at PEX) in regards to the information providers and information users PEX operations and market surveillance supervised by regulator and other authorities
Overview of planned and unplanned outages and a single UMM on Nord Pool’s web site
Example of planned outages overview on Nord Pool’s web site
