EPEX SPOT and ECC extend offering in Central Europe by launching Polish Day-Ahead products
New block orders, cross-margining clearing and access to European one-stop-shop will further foster development of Polish electricity market
Leipzig / Paris, 10 February 2021. The European Power Exchange EPEX SPOT and its clearing house European Commodity Clearing (ECC) successfully launched their Day-Ahead market in Poland, extending their offering in Central Europe. This was enabled through the Polish Multi-NEMO Arrangement (MNA) implemented on 9 February.
On the first day, 1,347 MWh were traded on the Polish Day-Ahead market of EPEX SPOT.
“The extension of our Day-Ahead offering to Poland, consumption-wise one of Europe’s largest electricity markets, provides clear advantages for our members” says Ralph Danielski, Chief Executive Officer of EPEX SPOT. “Our customers active in Poland will benefit from the same robust systems and efficient interfaces they know from Central Western Europe, Great Britain and the Nordics.”
Dr. Götz Dittrich, Chief Operating Officer of ECC adds: “Secure and reliable clearing solutions are the backbone to these multi-regional power spot operations, which makes ECC’s offering unique in the European landscape. By adding Poland to the European market coupling topology, ECC expands its service offerings for the Transmission System Operators in its role as shipping and settlement entity."
EPEX SPOT customers in Poland benefit from several features that are new to the market and that will contribute to further foster its development:
- Unique blocks fitting the Polish energy mix: Members can use loop blocks to optimize storage facilities, curtailable blocks to provide additional flexibility to thermal units, linked blocks to sophisticate their optimization strategy, and large blocks of up to 800 MW to value large assets.
- All markets on one screen: The Polish Day-Ahead market integrates seamlessly with all other markets already available on EPEX SPOT Trading System (ETS), with liquidity from day 1 and best-in-class Application Programming Interface (API) solutions – Europe’s one-stop-shop for power spot markets.
- One clearing setup across markets and products: Members can rely on fast and safe financial and physical settlement by the clearing house ECC, with strong protection against counterparty risks and cross-margining savings across all spot markets and products.
The Day-Ahead auction is coupled via the Multi-Regional Coupling, which secures one single price in Poland, now that EPEX SPOT is active in the country. Daily market results are updated on the EPEX SPOT website.
The EU Regulation on Capacity Allocation and Congestion Management paved the way for EPEX SPOT to extend its services to Poland as Nominated Electricity Market Operator (NEMO).