Exchange Council welcomes smooth launch of Interim Coupling Solution
New Exchange Council re-elects Bernhard Walter as Chairman
Paris, 24 June 2021. At the quarterly meeting of the EPEX SPOT Exchange Council, the members welcomed the launch of the Interim Coupling Solution (ICP) on 17 June 2021 (first trading day). ICP connects the markets of the 4M Market Coupling to the European Single Day-Ahead Coupling (SDAC). Formerly, the electricity markets of the Czech Republic, Hungary, Romania and Slovakia were already connected amongst them within the 4M Market Coupling. With the go-live of ICP, the four countries have now joined the European SDAC. “The integration of the 4M Market Coupling into the European Market Coupling is a major milestone on the mission to create a pan-European electricity market”, says Ralph Danielski, Chairman of the Management Board of EPEX SPOT. “Markets like Poland will benefit from additional trading opportunities, with cross-zonal liquidity coming from the newly coupled markets.”
The Exchange Council was also informed about the anniversary of the EPEX SPOT Day-Ahead and Intraday markets in the Nordic region. The liquidity of these markets developed well over the past 12 months: 29,649,270 MWh were traded on the Nordic Day-Ahead markets from 3 June 2020 to 3 June 2021. On the Intraday markets, 2,897,308 MWh were traded from 25 May 2020 to 25 May 2021. “The trust market participants have put in our Nordic markets is proof that we are bringing an added value to this region”, says Jonas Tornquist, Chief Operating Officer of EPEX SPOT. “Liquidity is still further rising each month.”
Furthermore, the members of this newly elected Exchange Council reappointed Dr. Bernhard Walter, Head of Market Design and Regulatory Affairs at EnBW AG, as their Chairman for another mandate. “I am pleased to fulfil this mission for another three years” says Bernhard Walter. “Together, we can continue to shape tomorrow’s electricity trading landscape with new services, products and innovations.” The Council members elected Stefan Sewckow, Managing Director at MVV Trading GmbH, and Andrea Siri, Head of Power Origination at Edison S.p.A., as Vice-Chairmen. The Exchange Council ensures that services and products of the Exchange correspond to the needs of the market and that they can be implemented in legal and operational terms.
The second regular Exchange Council meeting of 2021 was held on 23 June 2021 and chaired by Bernhard Walter, Head of Market Design and Regulatory Affairs at EnBW AG.