View from the Nord Pool exchange. Its prices can be tracked in the “Elektrum” app, where the prices are reflected in the commercial area of Latvia.
Photo: Hendel / NORTH POOL
7:34 pm on September 13, 2022
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However, according to information published on the exchange’s website on Tuesday, the maximum price limit on the “Nord Pool” power exchange will not be raised to € 5,000 per megawatt hour (MWh).
After reaching the current maximum ceiling of € 4,000 per MWh in the “Nord Pool” on August 17, according to the regulation approved by the European Commission (EC), a new maximum price should come into effect five weeks after the maximum is reached, or on September 22.
However, “Nord Pool” announced that, after active consultations with responsible institutions, a way was found to freeze the price ceiling.
The Stock Exchange statement indicates that the European Union Agency for Energy Regulatory Cooperation (ACER) and the EC have received confirmation that the automatic increase of the maximum clearing price threshold is immediately suspended upon reaching of the previous roof.
The designated electricity market operators, in collaboration with the transmission system operators and ACER, elaborate changes to the agreed maximum and minimum clearing price methodology. Proposals from all operators will be sent to ACER this month, “Nord Pool” informed.
On 17 August, the current maximum price of € 4,000 per MWh in the Baltic tariff zone was reached on the “Nord Pool” power exchange.
After reaching such a price spike, regulators in the Baltic states analyze the factors why there are record electricity prices in the Baltic states and also talk about ways to avoid such a steep price increase in the future.
Themes
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/data/photo/2022/09/13/632053ee3065c.png "Mysterious discovery of hexagonal diamonds, coming from another planet")
