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Nordic Balancing Model News / Publications

Evaluation Report for 2024 for the Nordic aFRR Capacity Market

The Nordic TSOs have completed the Evaluation Report for the Nordic aFRR capacity market covering analysis for the year 2024. The Evaluation Report covers the mandatory evaluation criteria set out in …

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Nordic Balancing Model News

Transition to 15-minute time resolution in the day-ahead market postponed to September 30, 2025

MCSC is a joint steering group consisting of European TSOs and NEMOs (Nominated Electricity Market Operators), responsible for the European day-ahead and intraday market coupling. The postponement from the previously …

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Nordic Balancing Model News

Go-live of 15 min Intraday Cross-Border Trading in the Nordics on 18/03 for delivery on 19/03

Intraday market consists of continuous trading and auctions held three times a day. As of 18/03 (first trading day, with delivery date on 19/03), the four Nordic TSOs, EPEX SPOT, …

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Nordic Balancing Model News

The new automated mFFR energy market is now permanently implemented

Today, the Nordic TSOs – Svenska Kraftnät, Statnett, Energinet and Fingrid – can announce that the transition to the automated 15-minute mFRR energy activation market has been finalized. The Nordic …

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Nordic Balancing Model News

Confirmation of mFRR EAM go-live March 4th, 2025

Weather conditions and status of grid operations allow for go live of mFRR EAM. The four Nordic TSOs  – Statnett, Energinet, Svenska Kraftnät and Fingrid  – can thus confirm that mFRR …

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Nordic Balancing Model News

Test data from mFRR EAM shadow operation

The data is shared to be as transparent as possible. Please note that the data is test data and can be significantly different from the actual operation after go-live. Test …

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Nordic Balancing Model News

Pricing issue in Nordic mFRR EAM

During testing, the Nordic TSOs have discovered situations that can lead to undesired prices in the mFRR clearing. To avoid the most consequential situations the TSOs will strive to implement …

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Nordic Balancing Model News

Confirmation of mFRR EAM go live March 4th 2025

The Nordic transmission system operators (TSOs) can confirm that the automated Nordic mFRR energy activation market (mFRR EAM) with 15 minutes activation resolution will go live on Tuesday, March 4, …

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Nordic Balancing Model News

Updated Go-Live Plan for 15-Minute Energy Markets

Parties in the Single Day-Ahead Coupling (SDAC) confirm the transition to the 15-minute Market Time Unit (MTU) in the SDAC is set for 11 June 2025 with delivery date of …

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Nordic Balancing Model News

Transition of intraday trading to 15-minute resolution on Finland and Estonia’s Estlink connection on 22.1.2025

Fingrid has agreed with the Estonian transmission system operator Elering on the transition of intraday trading (ID) to 15-minute resolution market time units (MTUs). Intraday trading consists of continuous trading …

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Implementation guides / Nordic Balancing Model News

Memorandum: Algorithm description – Nordic mFRR EAM bid selection – updated version

The purpose of the memorandum is to describe the bid selection algorithm for the Nordic mFRR Energy Activation Market (EAM). The memorandum provides information particularly to market participants, so they …

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Nordic Balancing Model News

Trilateral capacity market for mFRR is live

Sweden, Denmark and Finland have today introduced a trilateral mFRR capacity market. The new market will enable the exchange of mFRR balancing capacity across bidding zones. The trilateral capacity market …

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Nordic Balancing Model News

New date for mFRR EAM go-live

The new go-live date of the automated Nordic mFRR energy activation market (mFRR EAM) is Tuesday March 4, 2025. In October, the four Nordic transmission system operators decided to postpone …

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Nordic Balancing Model News

National mFRR capacity market has been succesfully transferred to new Fifty NMMS market platform in Finland

Fingrid has successfully transferred the national mFRR capacity market from the current Vaksi market platform to the new Nordic Fifty NMMS market platform on 12th November. From now on Fifty …

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Nordic Balancing Model News

mFRR EAM go-live date to be announced mid-November

On October 10, the four Nordic transmission system operators decided to postpone the launch of mFRR EAM from December 3, 2024, to early 2025, and communicated that a new go-live …

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Nordic Balancing Model News

Successful go-live of the Nordic Flow-based Market Coupling project

  The project parties involved in the day-ahead Nordic Flow-Based Market Coupling project are pleased to announce the successful go-live of the project on 29/10/2024, (first trading day for delivery …

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Nordic Balancing Model News

High clearing prices in the Nordic aFRR Capacity Market

During the last week, the procurement of aFRR balancing capacity in the common Nordic aFRR capacity market has resulted in unusually high prices. The high prices are not due to …

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Nordic Balancing Model News

Finnish mFRR capacity market to new Nordic market platform Fifty NMMS on November 12

Finnish National Regulatory Authority has given a decision on new mFRR terms & conditions, which will come into effect November 12. The new terms & conditions enable the national Finnish …

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Nordic Balancing Model News

Fingrid’s accession to the European aFRR energy market will be transferred

Fingrid’s accession to the European aFRR energy marketplace PICASSO will be moved to the beginning of 2025. The previously announced schedule was in this autumn. The transfer of the accession …

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Nordic Balancing Model News

Nordic Flow-Based Market Coupling Project confirms Go-Live for 29th October 2024

Please direct any questions about this matter to Erik Ek, Chair of the Nordic Flow-Based Implementation Project through the Svenska kraftnät press office. Phone: +46 10 475 80 10, e-mail: …

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Related News

  • Evaluation Report for 2024 for the Nordic aFRR Capacity MarketJune 2, 2025
  • Transition to 15-minute time resolution in the day-ahead market postponed to September 30, 2025May 15, 2025
  • Go-live of 15 min Intraday Cross-Border Trading in the Nordics on 18/03 for delivery on 19/03March 10, 2025
  • The new automated mFFR energy market is now permanently implementedMarch 7, 2025
  • Confirmation of mFRR EAM go-live March 4th, 2025March 3, 2025
  • Test data from mFRR EAM shadow operationFebruary 25, 2025
  • Pricing issue in Nordic mFRR EAMFebruary 20, 2025
  • Confirmation of mFRR EAM go live March 4th 2025February 12, 2025
  • Updated Go-Live Plan for 15-Minute Energy MarketsDecember 20, 2024
  • Transition of intraday trading to 15-minute resolution on Finland and Estonia’s Estlink connection on 22.1.2025December 5, 2024
  • Memorandum: Algorithm description – Nordic mFRR EAM bid selection – updated versionNovember 20, 2024

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