Category: Notices on Consultation

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

< Back to index

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.

Consultation on Nemo Link Charging Methodology statement

< Back to index

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.

 

Nemo Link Launches Intraday Product Consultation

< Back to index

Consultation on Non-IEM Long Term Allocation & Nomination Rules

< Back to index

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

Non-IEM Long Term Nomination Rules

Consultation on Nemo Link’s contingency plans for Brexit

< Back to index

The consultation on Nemo Link access rules carried out in May 2019 included the underlying assumption that Great Britain would remain within the EU Internal Energy Market (IEM).

This latest consultation explains Nemo Link’s contingency plan in the event Great Britain should leave the IEM, and the access rules that would apply in that scenario.

Comment and views are invited by 14 December 2018.

Download Overall summary background, key features and differences (read first)
Download The JAO Participation Agreement
Download The (Non-IEM) Nemo Link Participation Agreement

Download The Daily Explicit Allocation Rules that would apply
Download The Day Ahead Nomination Rules that would apply

Consultation period is now closed

< Back to index

 


..
This Consultation concerned the contractual framework for trading on the Nemo Link Interconnector and invited feedback from all potential customers and stakeholders ahead of submission to the relevant regulatory authorities for approval.

The consultation is now closed.

However, if you have any questions or would like to respond to the consultation, please contact us at info@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

What are you looking for?

Please enter your details

By entering your details you’re subscribing to NemoLink for auction alerts or latest news from our newsletter. We will send you this information by email. You can unsubscribe at any time. Privacy policy