European Market Coupling Company
European Market Coupling Company , EMCC or emcc , offers congestion management on cross-border high-voltage lines at the transport network level . For this purpose, EMCC operates a type of market coupling , tight volume coupling .
It was a joint venture between the following transmission system operators and electricity exchanges in North-West Europe: Energinet.dk , TenneT TSO , 50Hertz Transmission , European Energy Exchange and Nord Pool Spot . EMCC was founded in Hamburg in August 2008 .
Subject matter and functioning
Through the market coupling, EMCC supports an efficient, cross-regional electricity market and promotes the integration of a Europe-wide electricity wholesale market.
EMCC calculates the optimal load flow on cross-border high-voltage lines. The calculation is based on the available capacities (ATC, Available Transmission Capacity) of the TSOs and the anonymized order books (OBK, Order Book) of the exchanges. EMCC then places price-independent bids to the exchanges involved in order to achieve a flow of electricity from the low-price area to the high-price area. Finally, EMCC creates the timetables and carries out the financial settlement with the exchanges. EMCC's calculation algorithm is based on the principle of economic welfare .
development
The market coupling on two high-voltage lines between Denmark and Germany / Austria was started in 2008 and stopped again after ten days because the algorithms used by the exchanges and EMCC were not yet sufficiently coordinated.
In November 2009, the Danish-German market coupling was successfully resumed with a convex optimization algorithm. Baltic Cable between Sweden and Germany / Austria was integrated in May 2010.
In January 2010 EMCC was commissioned by the TSOs and exchanges in Central Western Europe (CWE, Central Western Europe) and Scandinavia to develop a system for integrating CWE price coupling with market splitting in the Nordic market. This new system is known as Interim Tight Volume Coupling (ITVC). It is based on the previous German-Scandinavian market coupling and represents an extension and improvement of the EMCC algorithm.
On November 9, 2010, the market coupling for the entire region with Belgium , France , Luxembourg , Germany , Austria , the Netherlands , Scandinavia and Estonia was started. With 1,816 TWh , it represents the world's largest contiguous electricity market and covers around 60% of Europe's electricity demand. The second step, including the NorNed cable between Norway and the Netherlands, went into operation on January 12, 2011.
The EMCC was closed in 2014 and was replaced by the NWE.
Individual evidence
- ^ EMCC. About EMCC ( Memento of the original from September 4th, 2012 in the web archive archive.today ) Info: The archive link was automatically inserted and not yet checked. Please check the original and archive link according to the instructions and then remove this notice. , October 3, 2010.
- ^ EMCC. EMCC Daily Operations ( Memento of the original dated December 6, 2010 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. , October 3, 2010.
- ↑ Vivien Neubert & Enno Böttcher. The first days of Nordic-German market coupling ( Memento of the original from January 31, 2016 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. North Pool Spot , November 11, 2009.
- ^ EMCC. EMCC Press Release Market coupling started on Baltic Cable ( Memento of the original from June 2, 2011 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. , 11 May 2010.
- ^ EMCC. Map European Market Coupling Company ( Memento of the original from January 28, 2013 in the web archive archive.today ) Info: The archive link was automatically inserted and not yet checked. Please check the original and archive link according to the instructions and then remove this notice. , February 16, 2011
- ^ EMCC. Confirmation of launch date ( Memento of the original from July 14, 2011 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. (PDF; 467 kB), September 24, 2010.
- ↑ Energinet.dk. A decisive step towards a single European Electricity Market ( Memento of the original from December 21, 2010 in the Internet Archive ) Info: The archive link was automatically inserted and not yet checked. Please check the original and archive link according to the instructions and then remove this notice. (PDF; 102 kB), November 9, 2010.
- ^ EMCC. Next decisive step towards a single European Electricity Market ( Memento of the original from June 3, 2011 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. , January 12, 2011.
- ↑ EMCC auction house will be closed soon. Retrieved January 18, 2019 .
- ↑ EPEX SPOT SE: Documentation NWE. Retrieved January 18, 2019 .
