TSOs TenneT and Statnett are the investors of the 700 MW NorNed interconnector linking the Netherlands and Norway. APX has been heavily involved in seeking to develop a market coupling solution to link the Nordic and Dutch day-ahead markets across the NorNed cable, in line with the regulators’ decision in 2004. Initially a temporary explicit auction was implemented and the market coupling through implicit auction was introduced on 12 January 2011.
The volume coupling solution is using the services of EMCC, who provide a volume coupling on Nordic-Germany interconnectors. With the new market coupling implemented, the market results of all regions have the same gate closure time.