Optimeering

Big difference in flows after the first FBMC in DAM auction: NO3 sends 1800+ MW to NO1. Has been limited to something like 500 MW in NTC before. Also, appears to be no flows from SE3>NO1, NO2>NO1 or FI>SE3. Pictures shows todays auction results from yesterdays, selected for hour 07-08. Will be interesting to see what ATCE capacities will be given to intraday Optimeering #flowbased #nordpool #optimeering

Mark your calendar! On April 10, 2025, we’re excited to host the annual Same-day Power Market Operations Forum ✨ Join us for a day of insights, networking, and in-depth discussions on the latest in energy markets.   Our agenda will include leading perspectives on Same-day Power Market Operations, dynamic discussions with industry experts, and valuable networking sessions.   Stay tuned for registration details and an early-bird offer! 🗓️ #PowerMarket #Energy #Networking

One week left until Flow Based will go live on 29th of October! 💨   Flow-based market coupling (FBMC) optimizes grid use by better considering its physical properties. The Nordic RCC runs parallel simulations and publishes results, including FBMC prices, scheduled flows, and net positions for all Nordic areas. Find the results here: https://lnkd.in/dJ4ixRmN   What are the results from FBMC and the parallel run? ▪️ Prices for all price areas changes, some increase and some decrease ▪️For NO3, the correlation with SE1, SE2 and NO4 reduces, while it improves with SE4, NO1, NO2, NO5 ▪️Scheduled flows between price areas changes ▪️Changes in NO1-SE3 flows will decrease the price spread between these two areas. ▪️The phenomenon of counter intuitive flows ▪️Intraday available transmission capacity changes   As data changes we need to change with it - and predictions are as good as possible. We are ready for the change to flow based market coupling, and are currently running "not flow based" and "flow based" models in parallel, and we will switch immediately once we see clear differences.   Another interesting point - the Nordic TSO's have just published results from the automated mFRR EAM shadow operation where it was stated that Flow Based Market Coupling, amongst other reasons, will reduce the Available Transmission Capacity for the mFRR EAM. They will handle that by increasing the mFRR Capacity Market and transmission capacity reservation more. 

We're excited to announce that our solutions are now trusted by customers across the whole Nordic region! 🇳🇴🇸🇪🇫🇮🇩🇰   At Optimeering, we're committed to deliver cutting-edge forecasting tools and insights that help our customers succeed in today's dynamic energy landscape. By partnering with us, you get more than just a software - you gain an extension of your same-day power market operations. #Energy #PowerMarket #Innovation

Are you ready to dive into the latest episode of PowerBot Talks featuring our CEO, Gavin Bell? 🎙️   Curious about how the shift towards same-day power markets is reshaping the energy landscape? And how is Optimeering, as the extension to your same-day power market operations, positioned to deliver exceptional value to customers in this evolving landscape? Tune in to find out more! 🎧   You can listen to the full episode here on Spotify⤵️   https://lnkd.in/dgY2UZhY #PowerMarket #Energy

Last week, Optimeering’s Data Science and Engineering teams gathered in Brumunddal for a great mix of team-building and collaboration 🧡 While they focused on strengthening relationships and getting to know each other better, they also dug deep into how to turn ideas or customer requests into fully functioning products. 👨💻   It wasn’t just about fun — this was an important step in refining our processes to deliver even better results. Optimeering's team is always seeking ways to improve, and that mindset drives the quality of our products and customer satisfaction. We’re excited to share the new updates and products we've been working hard on and can’t wait to hear your feedback! 📝 #InsideOptimeering #EnergyMarket #Power

🗯️ How has Finland's energy market changed since the introduction of the aFRR Energy Activation Market? 🗯️ Since June 2024, we have seen a shift in imbalance price dynamics, especially with the impact of aFRR activations. Prices are becoming more volatile, with a notable difference between up and down regulation patterns. What does this mean for market actors? More risk management challenges, especially during up regulation hours. 🕛 🔗 Dive into the trends and their long-term impact on imbalance pricing on our blog. https://lnkd.in/dkwWd78d #OptimeeringThoughts #aFRR #Energy #ImbalancePricing

A new era for the Nordic Balancing Model💨 🗓️ On December 3rd, the new mFRR Energy Activation Market (EAM) will replace the current balancing market, marking a significant shift for the Nordic power system. This change moves us from manual to automated balancing, driven by forecasts. The transition is carefully planned, but if challenges arise, it may be delayed to December 10th or early 2025. 💫 This upgrade is part of the broader Nordic Balancing Model, paving the way for more precise power flows, 15-minute imbalance settlement, and improved market efficiency.   💡 Did you know that the team at Optimeering have worked with Statnett SF on the IMPALA project for real-time forecasting of grid imbalance. Accurate forecasts of imbalance are essential for automatic activation of mFRR, and the IMPALA project was ground-breaking in it's use of AI to produce such forecasts. The IMPALA project was a collaboration between Optimeering, Statnett and Norges teknisk-naturvitenskapelige universitet (NTNU), with support from the Research Council of Norway.   ⭐️ Fun fact: The IMPALA project was awarded the Norwegian Smart Grids Center's Innovation Prize for 2020. #mFRREAM #PowerMarket #Energy #Innovation

⚡ Before the end of this year, the Nordic capacity markets will undergo significant changes. Q4 is on! ⚡   In October... 🎃 ⤵️   As part of the transition to PICASSO, the aFRR capacity market in DK1 will undergo a re-design. The current monthly/weekly pay-as-bid structure will be replaced with a daily auction featuring marginal pricing. This new market design is expected to align with the framework used in the common Nordic aFRR capacity market.   However, for the time being, DK1 will continue to operate as an independent market, with all required aFRR capacity being procured locally. The first two auctions for 2nd and 3rd of October show average prices for up in DK1 to be 103 EUR/MW compared to 17 EUR/MW for DK2, and 12 EUR/MW for down compared to 14 EUR/MW for DK2. 🇩🇰   Optimeering has specifically built and are maintaining pricing and clearing algorithms for all the Nordic reserve capacity markets. Utilize these deep insights in making same-day power market operations forecast and automation. At our Forum earlier this year deep insights about mFRR, aFRR, FCR pricing and clearing and market dynamics were presented by our CEO Gavin Bell and CAO Magnus Hausken. 🚀 #PowerMarket #PICASSO #Energy

The markets move fast. Are you ready to move faster? 💨   ⚡Imagine having the power to predict market imbalances before they happen. What if you could make the right call on your assets and operations with real-time forecasts? ⚡   Our Same-Day Power Operations Forecasts, are your forecasting tools designed to revolutionize how you navigate the energy market. Check out what you can do with cutting-edge, real-time insights into power market imbalances ⤵ 🔗 Want to know more? Get in touch with us today. https://lnkd.in/dbZPvAsg #Energy #PowerMarket #PriceForecast #Innovation