Nord Poolの市場設計と運用公開用 (1)...Nord%Pool=NEMOè ' ;t 9 xÈ Nord%Pool]>lpI TURKEY...

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Norway:• Population+ 5,5+mill• Peak+load:+ 24+000MW• Installed+capacity:+ 30+000MW•Annual+Consumption: 119+TWh• Normal+production: 125+TWh• Variation. 60+TWh• Hydro+production: 99%

Nordic:• Population+> 24+mill• Peak+load: 69+000MW• Installed+capacity: 89+000MW•Annual+consumption: 412+TWh• Production:

• Hydro: 52%• Nuclear: 14%• Thermal: 32%• Wind: 2%

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��Áì��50,000MW��Ðì��12,000MW��ÐÖæì��6,000MW�-�é)¼rì�ŴÂ-ģő.12��

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Statnett& – Norway& – 28.2% Elering – Estonia – 2%

Svenska Kraftnät – Sweden –28.2% Litgrid – Lithuania – 2%

Energinet – Denmark – 18.8% AST&– Latvia&– 2%

Fingrid – Finland&– 18.8%


Ux�*0)|4�TSO�7G

! ì�,%�'�mNT�< RJ��YA;=úń�;�)

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! ±�¹Ó�Ɠü�ç• Ž�-¹ÓŽ,�ç-ĜÂ�:�ƕƃ

! ±�¹Ó�yƆ�ç• ¹Ó±�Ž,y�¾��s�,y¡-�ç

! Nord%Pool��u• ®'-��ĢÛ�.Nord%Pool)"��ç

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1991s�[mAB�-ì��ĝ¨1996s�[mAB�)NAB�Up,8;�Þàá

-tïì��ŻË1998s�_?pkpW�Nord%Pool,ĢÛ2000s�Upd�H�Nord%Pool,ĢÛ2010s�@GlN�CNVY>�Nord%Pool,ĢÛ2013s�kV^>�lV>Y>�Nord%Pool,ĢÛ2016s�13Et(NEMO,¥x

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TURKEY

BULGARIA

ROMANIA

MOLDOVA

UKRAINE

BELARUS

LITHUANIA

LATVIA

ESTONIA

RUSSIA

GREECE

ALBANIA

MACEDONIA

KOSOVOMONTE4NEGRO

SERBIABOSNIA5&5HERZEGOVINA

CROATIA

SLOVENIA

HUNGARY

ITALY

AUSTRIA

SWITZERLAND

PORTUGAL SPAIN

ANDORRA

FRANCE

SLOVAKIACZECH5REPUBLICLUXEMBOURG

BELGIUM

IRELAND

UK

NETHER4LANDS

POLAND

GERMANY

DENMARK

FINLAND

SWEDEN

NORWAY

Nord5Pool5offices5

Nordic/Baltic5and5UK5– day4ahead5and5intraday55

Intraday5with5access5to5Nordic5volumes5

Serviced5markets5YTD


Nord%Pool=NEMOè��'�;t� 9


TURKEY

BULGARIA

ROMANIA

MOLDOVA

UKRAINE

BELARUS

LITHUANIA

LATVIA

ESTONIA

RUSSIA

GREECE

ALBANIA

MACEDONIA

KOSOVOMONTE4NEGRO


CROATIASLOVENIA

HUNGARY

ITALY

AUSTRIASWITZERLAND

PORTUGAL SPAIN

ANDORRA

FRANCE


BELGIUM

IRELAND

UK

NETHER4LANDS

POLAND

GERMANY

DENMARK

FINLANDSWEDEN

NORWAY

NEMO%status%approvedServiced%markets

Norway%is%not%part%of%EU%(we5operate5under5a5license5from5the5Norwegian5Water5Resources5and5Energy5Directorate5(NVE))

NEMO =%Nominated%Electricity%Market%Operator

EU-ģÃ,8:�ġt.ì�-yq��)�q��-þ¿¤)�'Ġ+�)61~=è��+�</+9+�

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3@500TWhX6�OVs

Ðœ�\mVũt�q��391TWh

Őt�q��109TWh

½q��é5TWh

OVs�99%�?2A;

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5EW�380cF


! Participant%member• suĕ�€18,000• �q��,��;�Ţ• ½q��,��;�Ţ�ĤŢ• Nord%Pool�9-nc�V

! Client%member• suĕ�€3,000• �q��,��;�Ţ• ½q��,��;ĤŢ

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! ¦ŴŌ-10s��NASDAQŪ• |ä��÷ČaRM

! ¦ŴŌ-yq��Nord%Pool•?2A;�ƈq-ńŌ÷Č�ńŌŀ=��

! ¦ŴŌ-01��Nord%Pool•Q2A;��q��(Ĭ$!ĳìĭĀŀ(¹Ó

! ¦ŴŌÿ��TSO• \kpLpI��ŴŌyŮ=Űã�;!5-¹Ó

! ¦ŴŌ��TSO• @p\kpNŬĐ�¦ŴŌ-·yŮ=ŬĐ

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! }z��9�!glRV• �ì�«×Ě�Ļ��< <Üŉ¼r¨�'�;�)=Ý§å,��'ĸ��7��

• ¹ÓĈŤ-ħŲłÛ)¹Ó�Ôď-ēÓ

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! 10:00%CETƒ�ĳìĭĀŀ-¶µ! 12:00%CET��ŢŶĆ! 12:00012:42%CET�÷Č)ƌĨ-éĐ! 12:42%CET�yüðć-¶µ! 12:51%CETƒ�éĐðćč�! 14:00%CET�Nord%Pool-½q��£��ƈq��! 14:30%CETƒ��çóßč�

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! ńŌĉ-Âť• ìŨ-ū�ĕ�ğ´ĕ• ìŨ-ı´�ŵĖ,��;ĕ• CO2ƀxÎ÷Č• ĵţ�ĨÚ-īŏ

! ŴÂĉ-Âť• «×-Ņ×ŀ)ńŌĴÊ• Äz��-ſŖ�rģő+ô�Ū�

! ĳìĭĀŀ• ÜĦą+ĳìĭĀŀ• ƉŒ-ªŗĭ• Ŕř�ÍîŪ,8:Ü(�+�ƔÈ

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! Bidding&areas&are&determined&by&TSOs:

– Norway 5&areas

– Sweden 4&areas

– Finland 1&area

– Denmark 2&areas

– Estonia 1&area

– Latvia 1&area

– Lithuania& 1&area

! Orders&on&the&DayDAhead&market&are&

bidding&areaDspecific:

– Buying& is&possible&from&any&area&(balancing&

agreement)

– Selling& is&possible&only&within&areas&where&

the&trader&owns&production& capacitySource:&Nord&Pool&website&26th January&2016.&Click&map&for&todays&prices

! TSO�^U?pICl>=ģ�• [mAB��5Cl>• NAB�Up�4Cl>• _?pkpW�1Cl>• Upd�H�2Cl>• CNVY>�1Cl>• kV^>�1Cl>• lV>Y>�1Cl>

! �q��(-�Ţ.Cl>Ž• Ľ��.*-Cl>(6Ħ• ×:�.ìŨ-�;Cl>(-4Ħ

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! Each%morning%the%TSOs%determine%the%trading%capacity%between%each%bidding%area:– Trading% capacities%for%the%next%day%are%published% on%Nord%Pool's%website%at%10:00%CET

– All% trading% capacity%between%the%Nordic%and%Baltic%bidding% areas%is%dedicated%to%Nord%Pool%for%implicit%auction

! Implicit(auction,(performed(through(market(coupling,(simultaneously(determines(prices,(sell(and(purchase(volumes(and(flows(between(bidding(areas:– All% trading% capacity%is%available%to%all%market%participants%on%equal% terms%

– There%are%no%explicit%capacity%auctions%onthese%connections

Source:%Statnett%website%5th March%2016.%Click%map%for%updated%ATC.%


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EU(-��ER`lpI 27

TURKEY

BULGARIA

ROMANIA

MOLDOVA

UKRAINE

BELARUS

LITHUANIA

LATVIA

ESTONIA

RUSSIA

GREECE

ALBANIA

MACEDONIA

KOSOVOMONTE4NEGRO


CROATIASLOVENIA

HUNGARY

ITALY

AUSTRIASWITZERLAND

PORTUGAL SPAIN

ANDORRA

FRANCE


BELGIUM

IRELAND

UK

NETHER4LANDS

POLAND

GERMANY

DENMARK

FINLANDSWEDEN

NORWAY

Part%of%PCR%initiative% today4%MMC

Independent


PCR�Price%Coupling%Regions

23Et(�q��-ER`lpIEU-ì�Įĕ-90�=ŭ5;

4M%Market%Coupling

! ��ĢÛ�• ¹Ó7ĳìĭĀŀ-óß=Nord%Pool,úń

! Nord%Pool• ��ĢÛ��9-óß=ě°• ÷Č�ƌĨéĐ-ðć=��ĢÛ�,_?�W\RH

! PCR%Matcher%Broker• Nord%Pool+*�PCR,ĢÛ�'�;��9-óß=ě°

• Euphemia0-��U�QùÉ�x�U�QŸ4¹:)ġ��0-_?�W\RH

! Euphemia• ŴŌ�yŮ�;÷Č)¼š+ƌĨ-éĐ

Ðœũt,��;÷ČéĐ 28

éĐ>mKlOf�EUPHEMIA 29

! EUPHEMIA:)EU)+)Pan-European)Hybrid)Electricity)Market)Integration)Algorithm

! It)maximizes)the)welfare)of)the)solution:– Most)competitive)price)will)arise– Overall)welfare)increases– Efficient)capacity)allocation)

! Utilized)by)six)power)exchanges)(PX))each)operating)several)bidding)areas:– All)bidding) areas)are)matched) at)the)same)time

– Each)bidding) area)can)obtain)a)different)price.)Price)must) respect)maximum) and)minimum) market) price)boundaries


!(+/1#�� /��8��dg]i�9�

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! Single%Hourly%Ordershttp://www.nordpoolspot.com/TAS/Day0ahead0market0Elspot/Order0types/Hourly0bid/

! Block%Orders• Regular%Block%Orders• Profile%Block%Orders• Curtailable%Block%Orders;%Minimum%Acceptance%Ratio• Linking%of%Block%Orders

http://www.nordpoolspot.com/TAS/Day0ahead0market0Elspot/Order0types/Block0bid/

! Exclusive%Groupshttp://www.nordpoolspot.com/TAS/Day0ahead0market0Elspot/Order0types/exclusive0group/

! Flexible%Hourly%Orders! Flexible%Ordershttp://www.nordpoolspot.com/TAS/Day0ahead0market0Elspot/Order0types/Flexi0order/

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! Nord%Pool-½q��.EUá-tï½q��

! ¦ŴŌ,ö��Ŝ(-¹Ó

! �ŎD�HLjp,8;ĳìĭĀŀ-ē½• ¹Óóß,ñ&�l>mQ@f(>R`U�V

! Nord%Pool�®'-¹Ó=żņ

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! $.;OV• What%you%see%is%what%you%get%/%First%come,%first%sirved• Best%priced%orders%first

! ?2A;�OVaf�b��ĳìĭĀŀ=��

! TSO,��;ųƃnpV.XL• ½q��(-¹Ó.ĳìĕ-íê*#9,6ù

! ½q��-Ŷ5��.ġTSO��• DNK,%LVA,%LTU,%NOR,%SWE,%GBR�1>@?• FIN,%EST�30:?•DEU�20:?��yTSOCl>�,İ:0p?�

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! �q-14:00,½q��£�• W@S-4�q-8:00,£�

! ½q��-�Ţ,ň3<;óß• ÷Č�ŀ�Ľ�×:

! ½q��-¹Ó,ň3<;óß• ¹ÓÉ��Ź�Ľ�×:-Cl>�FhpPm

! �Ţ�ĤŢ�-óß.ş¶£

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½q��¹Óŀ�Ƌ�2015s� 36

! 2015:&5&TWh&another&record&year

! 3/4&of&trades&are&cross&border&

! 1/3&of&trades&done&the&last&hour

! 150&members& in&14&countries


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! Limit%Order%(LO)– Can%be%matched%either%in%part%or%its%entirety

! Fill%or%Kill%(FOK)– Order% is%either%filled%entirely%or%cancelled

! Immediate%or%Cancel%(IOC)– Order% is%filled% to%the%extent%of%the%quantity%that%can%be%immediately% filled%at%the%requested%price

– The%remainder% of%the%order%is%cancelled

! Iceberg%Order%(IBO)– Iceberg%order%is%a%type%of%order%for%which%a%total%volume%and%a%displayed%volume%(slice)%are%specified

– When%the%entire%slice%is%executed,%automatically%another%slice%is%entered%in%the%order%book

xÈ�Nord%Pool]>lpI§ďhttp://www.nordpoolspot.com/TAS/intraday0trading/order0types/

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XBID:%Cross%Border%Intraday 40

TURKEY

BULGARIA

ROMANIA

MOLDOVA

UKRAINE

BELARUS

LITHUANIA

LATVIA

ESTONIA

RUSSIA

GREECE

ALBANIA

MACEDONIA

KOSOVOMONTE4NEGRO


CROATIASLOVENIA

HUNGARY

ITALY

AUSTRIASWITZERLAND

PORTUGAL SPAIN

ANDORRA

FRANCE


BELGIUM

IRELAND

UK

NETHER4LANDS

POLAND

GERMANY

DENMARK

FINLANDSWEDEN

NORWAY! EU5target5model5for5a5Common5European5Cross4Border5Intraday5Market5

! 45Power5exchanges5and5175TSOs5

! Go5live5target5date:Q352017

! Equal5treatment

! Shared5Order5Book

TSOs5and5PXs5participating5f or5developing5and5implementing5the5XBID5Solution5

PXs5participating[5TSO5observ er

PXs5participating,5adherence5to5joint5project5ongoing


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XBID-þŇĲ 41

TSOs

Other)Powerexchanges

Nord)Pool)Members

Shipping) agents

Central)Counter)Parties

Shared)Order)Book

Capacity)Manage?ment

Shipping

! Intraday)Web! API! TSO)Nomination

! 1st line)support! Clearing! Remit)reporting! UMM! Local)products! Market)data

Local)Platforms


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Nord Poolの市場設計と運用公開用 (1)...Nord%Pool=NEMOè ' ;t 9 xÈ Nord%Pool]>lpI TURKEY...

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Transcript of Nord Poolの市場設計と運用公開用 (1)...Nord%Pool=NEMOè ' ;t 9 xÈ Nord%Pool]>lpI TURKEY...

Nord Poolの市場設計と運用 公開用 (1)...Nord%Pool=NEMOè ' ;t 9 xÈ Nord%Pool]>lpI TURKEY...

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Transcript of Nord Poolの市場設計と運用 公開用 (1)...Nord%Pool=NEMOè ' ;t 9 xÈ Nord%Pool]>lpI TURKEY...

Nord Poolの市場設計と運用公開用 (1)...Nord%Pool=NEMOè ' ;t 9 xÈ Nord%Pool]>lpI TURKEY...

Transcript of Nord Poolの市場設計と運用公開用 (1)...Nord%Pool=NEMOè ' ;t 9 xÈ Nord%Pool]>lpI TURKEY...