The 17 project partners decided on the target go-live date following the current positive test status in the joint integration and simulation testing by the PCR project and NWE. The target go-live date is still subject to successful finalisation of testing, contractual arrangements as well as final regulatory approval. Price coupling allows cross-border transmission capacity to be used directly by Power Exchanges to minimise price spreads between markets – known as implicit allocation. The final go/no-go decision will be taken early November.

The PCR solution has been developed by European Power Exchanges to provide a single algorithm and harmonised operational procedures for efficient price calculation and use of European cross-border transmission capacity. The start-up of NWE based on PCR will be a significant step towards achieving an integrated European day-ahead power market, expected to increase liquidity, efficiency and social welfare. NWE countries cover 75% of Europe's electricity demand.

The partners involved are the four Power Exchanges and 13 Transmission System Operators (TSOs) in the NWE region. The NWE project covers the markets of Germany/Austria, France, Belgium, Netherlands, Luxembourg, Great Britain, Denmark, Finland, Sweden, Norway, , Estonia, Latvia, Lithuania, and Poland is also coupled linked to Nordic via the SwePol Link.

Contact:

Executive Vice Presiden Bente Hagem +47 913 54 720

Vice President Corporate Communications Henrik Glette +47 932 33 010