Dutch and Norwegian energy regulators request more time to agree on electricity cross-zonal risk hedging opportunities
Dutch and Norwegian energy regulators request more time to agree on electricity cross-zonal risk hedging opportunities
What is it about?
On 18 February 2024, the Dutch National Regulatory Authority (NRA), Autoriteit Consument & Markt (ACM), requested a six-month extension from ACER to adopt coordinated decisions with the Norwegian NRA, NVE-RME, on electricity cross-zonal risk hedging opportunities.
By February 2024, in accordance with the Regulation on forward capacity allocation, the Dutch and Norwegian NRAs were required to assess whether the electricity forward market in their respective bidding zone provides sufficient hedging opportunities. If these opportunities prove insufficient, the NRAs must take coordinated decisions to either:
- introduce long-term transmission rights; or
- task Transmission System Operators (TSOs) with implementing alternative measures to improve cross-zonal hedging opportunities.
What are the next steps?
ACER intends to act promptly on the ACM request, aiming to reach a decision in April 2024.
The EFTA Surveillance Authority (ESA) will decide on the extension request for NVE-RME, based on a draft from ACER, following the procedure of the Third Energy Package as outlined in the EEA Agreement.