Author: Munti Nguyen

Nemo Link’s Brexit Webinar – 9th November 2020

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Nemo Link is delighted to invite interested market participants and stakeholders to our upcoming interactive webinar session on Brexit on 9th November 2020 from 14:00 to 15:30 (GMT).

This will be an opportunity for us to discuss with you our agreed trading arrangements including the day-ahead explicit auction and nomination timings when GB leaves the Internal Energy Market.

We will also walk you through our consultation about changes to non-IEM Explicit Day Ahead Auctions and welcome your feedback or questions you may have during the webinar.

Register
Please click here to register your interest.

Details
Details including agenda and link to the webinar will be shared to interested parties closer to the date.

Contact
If you have any questions about the event or have any specific topics you would like to include in the webinar, please don’t hesitate to contact us at customer.service@nemolink.co.uk.

Nemo Link consults on changes to non-IEM Explicit Day Ahead Auctions

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Nemo Link already has in place a set of Non-IEM Access Rules that have been approved and will be operational from 1st January 2021 when GB leaves the IEM. This consultation proposes some minor adjustments to those trading rules, and if supported by market participants, could be implemented in Q1 2021 subject to regulatory approval.

Background
The initial Nemo Link Non-IEM access rules were developed to enable continued trading in the event GB left the Internal Energy Market.  At the time, it was necessary to focus mainly on established operational processes to ensure a robust and smooth handover.  However, over the Brexit transition period, we have had the opportunity to assess and discuss in greater depth whether the current Non-IEM access rules can be better optimised to deliver the most efficient trading environment.

Relevant Documents
Please find below the relevant documents which outlines the proposed changes:

Consultation Invitation Letter (please read first)
Non-IEM Access Rules (track change version)

Consultation topics
The main topics of the consultation are summarised below:

  • Day Ahead Firmness Deadline changed from 11:00 to 09:00 (Appendix 1 Article 58)
  • LT Nomination window timing changed from 09:00 to 08:45 (Appendix 2 Article 6)
  • Adjustment to the timings of the explicit day ahead capacity auction that will replace the implicit day ahead auction. Nemo Link proposes moving the opening time from 09:40 to 09:00 CE(S)T (Appendix 3 Article 26)
  • Day Ahead Nomination window shortening from 12:05-14:00 to 12:05 to 13:30 (Appendix 5 Annex to the Explicit Day Ahead and Intraday Nomination Rules Paragraph 1)

In addition, Nemo Link would like to invite feedback from market participants on the following topics:

  • Do you agree a Day Ahead energy auction in GB earlier than SDAC could lead to more efficient interconnector trading?
  • How important is a single GB power reference price?

Timeline
We welcome all market participant and stakeholder comments or questions on the proposals by email to customer.service@nemolink.co.uk by 18:00 CET 13th November 2020.

Contact
If you have any questions, please contact the Customer Team.

Updated Planned Outage 23 September 2020

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Nemo Link is pleased to announce that our planned outage this week will be shortened as follows:

Start Time
Start Date
End Time 
End Date
Interconnector Capacity
07:00 (CEST)
21/09/2020
23:00 (CEST)
23/09/2020
0 MW
12:00 (CEST)
25/09/2020
15:00 (CEST)
25/09/2020
0 MW

As a result, the additional planned outage time between 23:00 CEST 23  September 2020 until 23:00 CEST on 24 September 2020 as previously communicated will not be used and therefore, all available capacity will be offered to the market via the Single Day-Ahead Market Coupling and to the Intraday Auctions where applicable for delivery from 23:00 CEST 23 September 2020.

Please be advised that the outage on 25 September 2020 between 12:00 CEST and 15:00 CEST will remain in place.

The changes to the programme have been notified on the REMIT page of the BMREPORTS website. Please note that all timings are in GMT on the REMIT portal.

 If you have any questions, please contact the Customer Team.

 

Planned Outage w/c 21st September 2020

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Starting from Monday 21 September 2020, please be informed that Nemo Link will carry out its maintenance programme for 2020 as follows:

Start Time
Start Date
End Time 
End Date
Interconnector Capacity
07:00 (CEST)
21/09/2020
23:00 (CEST)
24/09/2020
0 MW
12:00 (CEST)
25/09/2020
15:00 (CEST)
25/09/2020
0 MW

There will be no capacity offered to the market via the Single Day-Ahead Market Coupling or to the Intraday Auctions during the planned outage.

Any changes to the programme will be notified on the REMIT page of the BMREPORTS website. Please note that all timings are in GMT on REMIT portal.

For all of our Maintenance Programmes, please visit here.

If you have any questions, please contact the Customer Team.

1st CAL2021 annual auction on the GB-BE border

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Nemo Link will be holding its first annual auction capacity in both directions for calendar year 2021 on 7th and 8th September 2020 on the eCAT Auction Platform from the Joint Allocation Office.

Below you can find key information that may be helpful in preparation for the auction.

Physical firmness:

We would like to confirm that in the event of an unplanned outage on the Nemo Link Interconnector, the final nominations (nominated capacity for which the final nomination gate and Day-ahead firmness deadline has passed) will continue to be treated as physically firm.

Offered Capacity:

GB-BE
BE-GB
100 MW
100 MW

Auction Window:

Auction start time
Auction end time
07/09/2020 12:00 CEST
08/09/2020 12:00 CEST

Planned Outage:

Nemo Link published its planned maintenance period for 2021 as follows:

Start Time
Start Date
End Time 
End Date
Interconnector Capacity
07:00 (CEST)
20/09/2021
23:00 (CEST)
26/09/2021
0 MW

All Nemo Link’s planned maintenance schedules can be found on the Maintenance Programme Publications area on our website.

Loss Factor:

Please note that the new Nemo Link Mid-point loss factor is now 2.372% (previously as 2.6% prior to 01/09/2020 ).

Collateral in place:

Please note that in order to be able to place bids in the annual auction, market participants are required to have in place collateral amounting to 1/12 of the highest value of bids (price x volume) entered for the annual product.

Further information on credit calculation can be found in JAO’s Information System Rules (appendix 6, 7 & 8).

 

If you have any questions, please contact the Customer Team.

Nemo Link announces its new Loss Factor effective from 1 September 2020

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After the first full year of successful operations, Nemo Link has reviewed its observed losses and is now pleased to announce the new Loss Factor on the Nemo Link Interconnector.

Effective from Delivery Day 1 September 2020 at 00:00 CEST, Nemo Link Interconnector’s Mid-Point Loss Factor will be lowered from 2.600% to 2.372%. The Mid-Point Loss Factor is the loss factor that is used in Nemo Link’s Access Rules (see Annex Business Rules for Nemo Link paragraph 3) and Nemo Link’s Border Specific Annex.

                       Nemo Link’s Mid-Point Loss Factor

2.600%

Effective until 23:59 CEST 31/08/2020

2.372%

Effective from 00:00 CEST 01/09/2020

Nominations at Nemo Link’s importing and exporting end for a specific mid-interconnector nomination are calculated using the Mid-Point Loss Factor (LF) as follows:

  • Importing end nomination = mid-interconnector nomination * (1-LF/2)
  • Exporting end nomination = mid-interconnector nomination * (1+LF/2)

UIoSI compensations for non-nominated Long Term Transmission Rights equal the loss adjusted day ahead market spread (LADAMS) as follows:

  • If GBDAMP > BEDAMP, LADAMS = (1-LF/2)*GBDAMP – (1+LF/2)*BEDAMP
  • If BEDAMP > GBDAMP, LADAMS = (1-LF/2)*BEDAMP – (1+LF/2)*GBDAMP
    (GBDAMP: GB Day ahead market price   BEDAMP: BE Day ahead market price)

Full details on UIoSI compensations can be found on the Nemo Link’s Border Specific Annex (see chapter 3).

The mid-interconnector reference capacity will decrease from 1013 MW to 1012 MW in regular operation and from 1033 MW to 1032 MW in overload operation. Nemo Link’s Capability remains 1000 MW at the importing end.

Further information can be found on the Nemo Link Loss Factor document published on the Publications area.

Nemo Link announces its new Intraday Nomination timings

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At Nemo Link, we highly value feedback from customers and always seek for improvements on our products and services.

Following recent conversations with our customers, we are now increasing intraday nomination gate opening times from 45 minutes to 50 minutes.  This would mean that capacity holders intending to nominate intraday transmission rights could do so up to 70 minutes ahead of delivery instead of the current 75 minute lead time. Therefore, Nemo Link customers will now be able to further optimise their positions to respond to rapidly changing market conditions.
Nemo Link intends to implement the change from the first nomination gate for delivery day 5th May, meaning Nomination Gate 1 will close at 22:50 CEST on 4th May 2020.  An updated summary of the Nemo Link intraday auction and nomination times can be found here.

So within 6 months of successful intraday operations, Nemo Link is proud to make changes quickly to adapt to customer feedback and needs.

We would like to thank our customers for their valued feedback and we welcome suggestions from all market participants to continue to improve Nemo Link’s products and services.

Nemo Link Immune to Corona Virus

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We hope you are keeping well during these uncertain times. Despite the troubling period and implications of the Covid-19 pandemic, here at Nemo Link we have taken the necessary precautions and are confident we are able to operate throughout this unprecedented crisis providing added system security to onshore grids and continued trading opportunities for our customers.  We will still be running auctions so even if you’re working from home, don’t forget to bid!  The Customer Team is also working from home, but remains on hand to answer any questions you may have.

Consultation on Nemo Link Charging Methodology statement

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Nemo Link Access Rules have already been approved by regulators.  However, Nemo Link is required by licence to consult on its Charging Methodology – a 6 page document that effectively summarises how capacity is sold on the interconnector.

Please find the Charging Methodology document here.

The consultation opens today and will remain open until 1st May 2020.  Any comments will be gratefully received and should be sent to customer.service@nemolink.co.uk.

 

Contact Us

Please get in touch if you would like to explore trading opportunities or discuss any matters related to Nemo Link.

Customer, Regulation & Policy Manager, Nick Pittarello +44 (0)1926 656 261
Correspondence address: Nemo Link Limited, Rue Joseph Stevens 7, 1000 BRUSSELS, Belgium

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