Danish-German market coupling to launch in late September
The power market coupling project between Germany and Denmark is about to enter its final implementation stage, with the merged market expected to go live in late September 2008.
The five initiators of the project - transmission system operators Energinet.dk, E.ON Netz and VE Transmission, along with German power exchange EEX and Nordic spot power market Nord Pool Spot - have agreed that the European Market Coupling Company (EMCC) will start the coupling of the Nordic and the German electricity market on 29 September 2008 for the next day.
EMCC is a shared venture between the five companies, intended to provide support services for the coupled market. It will be based in Hamburg, Germany. Enno Bottcher, a former executive at German energy company EnergieHandelsGesellschaft, has been leading the project since April and will take charge of EMCC.
EMCC aims to facilitate the cross-border trading of power. According to EMCC, day-ahead market coupling permits an efficient use of the existing cross-border interconnectors. In the coupled market implicit auctions - the joint allocation of energy and cross-border transmission rights - will be carried out on a daily basis.
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