On Thursday 13 February, the Agency for the Cooperation of Energy Regulators (ACER) decided not to introduce long-term transmission rights (LTTRs) at the border of the bidding zones between the Netherlands and Norway (NL-NO2).
These LTTRs enable market players to manage price differences between auction zones and reduce financial risks.
An application was submitted in August 2024 by the Netherlands to try to remedy the lack of risk hedging opportunities for electricity prices at the NL-NO2 border.
Having consulted stakeholders in autumn 2024 and assessed the potential impact of LTTRs, ACER believes that they would offer only limited improvements to coverage opportunities in the Dutch and NO2 bidding zones and that financial LTTRs would likely be undervalued, “resulting in higher costs for consumers”.
It is therefore asking the Dutch Transmission System Operator (TSO) to explore alternative measures. The EFTA Surveillance Authority will issue a decision for Norway.
The Dutch transmission system operator now has six months to submit an alternative proposal to its national regulatory authority (NRA).
To see the decision, go to https://aeur.eu/f/fh5 (Original version in French by Pauline Denys)