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POWER: Svenska Kraftnat Fixes mFRR Price Calculation Error Impacting Market

POWER
Energy BulletsBulletSwedenPower BulletsCommodities

Svenska kraftnat recently fixed an error in the price calculation algorithm for the mFRR capacity market, which was discovered on 20 December, with the error likely impacting Sweden’s market prices for both the up- and down-regulation, it said today.

  • The issue was resolved on 20 December.
  • Preliminary analysis suggests that bid selection and balance capacity exchange were unaffected, with the error primarily impacting Sweden's calculated market price.
  • Svenska kraftnat will continue analysing the consequences and provide further information to mFRR capacity market participants after the Christmas and New Year holidays.
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Svenska kraftnat recently fixed an error in the price calculation algorithm for the mFRR capacity market, which was discovered on 20 December, with the error likely impacting Sweden’s market prices for both the up- and down-regulation, it said today.

  • The issue was resolved on 20 December.
  • Preliminary analysis suggests that bid selection and balance capacity exchange were unaffected, with the error primarily impacting Sweden's calculated market price.
  • Svenska kraftnat will continue analysing the consequences and provide further information to mFRR capacity market participants after the Christmas and New Year holidays.