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Processing of energy market auctions

 

Customer: Nord Pool

 CHALLENGE

nordpool_blue_rgb.jpgThe price coupling of European day-ahead power markets has required changes to the European power exchanges' trading systems.  The market equilibrium solution is computed at an aggregated level, and needs adjustments to provide market results (i.e. hourly purchase/sale quantities) for individual market participants in Nord Pool areas.

 SOLUTION

VTT has implemented an optimization-based software module that is an essential component in Nord Pool's day-ahead market integration with other European power exchanges.  VTT designed the software on the basis of a model specification and requirements from Nord Pool. Comprehensive module-level testing was performed by VTT and integration testing by Nord Pool.

 BENEFIT

The software enables reliable market operation on a tight schedule every day of the year.