Nemo Link Launches Intraday Product Consultation

2nd July 2019

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Nemo Link Ltd (NLL) and Elia are consulting on an amendment to the Access Rules for the Nemo Link Interconnector.  This Access Rules amendment supports the introduction of an intraday capacity product for the scenarios where GB remains in the EU Internal Energy Market (IEM) and should, following Brexit, GB no longer be part of the IEM.  This consultation will be open until 5th August 2019.

In summary, Nemo Link’s intraday capacity product will be.

(a)           Auctioned explicitly until such time as Nemo Link joins the XBID project;

(b)           Consist of 4 auctions for each forthcoming 6 hour fraction of the day;

(c)           Include 24 hourly nomination gates; and

(d)          Capacity will be nominated on the Regional Nomination Platform (RNP)

 

The consultation consists of 5 documents:

  • The consultation summary and key points

(1) Consultation Summary

  • The allocation and nomination rules in the event GB remains within the IEM

(2) IEM Intraday Allocation Rules

(3) IEM Day Ahead and Intraday Nomination Rules

  • The allocation and nomination rules in the event GB exits the IEM

(4) Non-IEM Intraday Allocation Rules

(5) Non-IEM Day Ahead and Intraday Nomination rules

 

Nemo Link invites feedback from all interested parties to be forwarded to customer.service@nemolink.co.uk by 5th August 2019.

 

Nemo Link Shadow Day Ahead Auction in the event of Decoupling

Market Decoupling event on 7th June 2019

As you will have been aware, on Friday 7th June, EPEX SPOT encountered technical issues in the Day-Ahead auction which impacted the Belgium and GB markets. Further information on the event can be found here.

As a fall-back solution for Market Coupling, Nemo Link through the Joint Allocation Office ran its shadow day-ahead explicit auctions which took place at 12:35 CEST 7th June. However, as only default bids are accepted for shadow auctions on JAO’s eCAT system and there were no default bids for the GB-BE border before the event, the auctions cleared at 0MW.

Nemo Link (with the support of JAO and Elia’s operations teams) carried out additional processes at very short notice to provide customers with additional trading opportunities and ran an extra day ahead explicit auction at 18:30 CEST 7th June. All available transfer capacity in the direction BE to GB was allocated in which 4 market participants managed to obtain the physical transmission rights and nominated all the acquired capacity through the Regional Nomination Platform RNP successfully.

Nemo Link’s Shadow Day Ahead Explicit Auctions

Even though cases like this are extremely rare, as proven on 7th June, it can happen. In order for market participants to be ready for the possibility of a similar event in future and if you would like to utilise Nemo Link’s Shadow Auction, the following are required:

  • Registered as a physical customer with Nemo Link to have the ability to nominate
  • Have indicated with JAO to participate in Shadow Auctions for the GB-BE border (have sent Amendment No. 6 to the JAO’s Participant Agreement or send the Modification Request to include GB-BE border).
    à All the relevant documents and forms requested for registration are available on the JAO website under the “Support” tab / “Resource center” in the “Registration” Section (scroll down in the panel on the left)
  • Have entered default bids in JAO’s e-CAT for Shadow Auctions on GB-BE border

If you have any questions about this process or wish to talk to someone about the systems involved, please contact the Customer Team.

 

Decoupling Event – Extra Day Ahead Nemo Link Auction @ 18:30 CEST 7th June for delivery day 8th June

Market participants will be aware that Multi-Regional Coupling was unable to achieve results today.  This means JAO used the Shadow Auction Rules instead to allocate cross border capacity explicitly, as is the defined back-up procedure.

Nemo Link will be holding an additional explicit Day Ahead auction at 18:30 CEST this evening.  However, only those market participants that are physically registered with Nemo Link and have indicated to participate in Shadow Auctions with JAO for the GB-Belgium border will be able to participate, as nomination of won capacity rights will need to be nominated in the RNP system.  Those wishing to place bids will be required to update their default bids in the JAO system.

Market participants are invited to enter their default bids in SAP before 18:30 CEST.

Market participants will be able to nominate capacity between 19:00 CEST and 19:30 CEST in the Regional Nomination Platform RNP.

If you have any questions about this process or wish to talk to someone about the systems involved, please contact the Customer Team.

Consultation on Non-IEM Long Term Allocation and Nomination Rules Closed

Closed

Just when you’d thought Brexit had gone away, here comes another Brexit related consultation!  As Nemo Link market participants will be aware, the rules governing trade on Nemo Link in the event of a hard Brexit were approved by the regulators in February.  However, those rules focused solely on the movement from Day Ahead implicit to Day Ahead explicit trading.  This further consultation therefore describes rules that would also apply for Long Term products if the GB leaves the Internal Energy Market.  Market participants were invited to review the proposals and send any feedback by 14th June 2019 to customer.service@nemolink.co.uk.

Please find the relevant links below:

Read first – Covering Letter

Non IEM Long Term Allocation Rules (under consultation)

Non IEM Long Term Nomination Rules (under consultation)

First monthly capacity available for auction on the GB-Belgium border

Between 12:00 pm (CEST) on 6th May and 11:59 am (CEST) on 7th May 2019 Nemo Link is pleased to announce that market participants will have their first opportunity to buy physical long term transmission rights.  The capacity auctioned will be for the month of June 2019 and will be sold via the Single Allocation Platform, hosted by the Joint Allocation Office.  100 MW will be offered in each direction in these auctions.

1st auction poster

For further Nemo Link’s scheduled auctions, please view our Auction Calendar.

If you have any questions about this process or wish to talk to someone about the systems involved, please contact the Customer Team.

Info on Nemo Link’s day-ahead transfer capacity

Some of you might have noticed that we are not always offering our full capacity in both directions to the market.

The capacity Nemo Link offers is determined by Nemo Link’s transfer capability and the Net Transfer Capacity (NTC) values determined by the onshore TSOs.

These hourly NTC values are calculated independently by Elia and NGESO at D-1. The published transfer capacities (on the entso-e transparency platform) represent the minimum of the calculated NTC values and Nemo Link’s Transfer Capability.

Since the start of operations no restrictions were applied to Nemo Link’s Transfer Capability aside from a planned outage that was executed on 8-9 April. However both Elia and NGESO had to apply frequent NTC restrictions for a variety of reasons.

Elia applies the methodology for the day ahead capacity calculation as published on the website of Elia (here), which is an interim implementation of the approved Channel capacity calculation methodology. The current reason for a reduction in NTC capacity, as calculated by Elia, are planned outages in the Elia grid. The planned outages are published on the website of Elia (here) and on the transparency platform (here).

NGESO is mainly applying NTC restrictions to address inertia (RoCoF) related problems.

If there would be an actual reduction of Nemo Link’s Transfer Capability itself then this will be published via Elexon’s REMIT page (here).

Nemo Link Conference & Celebration 12 & 13 February 2019

To ensure interested parties have a chance to further understand our auction and nomination processes and in readiness for explicit auctions, we have arranged a two-day operational workshop to launch our product offering and systems.

This is an ideal opportunity to meet the Nemo Link team and other interconnector traders.

Day one (12th February 2019) we will be joined by subject matter experts from JAO and Nord Pool at our workshop.

We would also be delighted if you would be able to join us in the evening at a dinner to celebrate the launch of Nemo Link.

Day two (13th February 2019) will be focused entirely on training for the new Regional Nomination Platform run by the RNP developer, Unicorn Systems.

If you would be interested to join us, and have not already done so, please indicate your attendance via this eventbrite link: https://nemolinkconferencefeb19.eventbrite.co.uk

Nemo Link announces go-live date

lights on

We are excited to announce that capacity on the Nemo Link interconnector will be available to purchase via the implicit day ahead auction from 30th January 2019, for delivery on 31st January 2019. This go-live announcement follows a successful testing period where active power transfers have been taking place between Belgium and the UK.

The first explicit long term products will be sold via JAO from April and our auction calendar is available to view on our website.

If not already done so, interested parties are invited to complete the registration form to start the on-boarding process or contact the Customer Team.

Long Term Physical Transmission Rights auction calendar

Nemo Link today publishes its first Long Term Physical Transmission Rights auction calendar to be executed by JAO via the Single Allocation Platform (SAP). The schedule shows a number of auctions to be held for monthly and quarterly products in 2019 and the first annual product auction for 2020.

Announcing the start of commissioning

Over the period from early-mid December 2018 to the end of January 2019, the Nemo Link interconnector (connecting ELIA and National Grid networks) will be in the commissioning phase.

Active power transfers will take place between Belgium and Great Britain. The associated direction and volume of power flow will vary. Further information on commissioning tests will be provided by 11 am CET at the day ahead stage and published on the Elexon’s transparency platform and on this website.