NERC confirmed that the report "Analysis of Future Electricity Market Risk Hedging Opportunities in the Trade Zones of Finland, Estonia, Latvia and Lithuania" prepared by the consultant "Thema Consulting Group" meets requirements of Commission Regulation (EU) 2016/1719 of 26 September 2016 establishing a guideline on forward capacity allocation.
The report covers bidding zones of Finland, Estonia, Latvia and Lithuania, as well as the related price zones in Sweden and Norway and evaluates if existing products for electricity prices hedging are efficient.
NERC recognizes that the Finnish and Estonian decision to introduce product of long-term transmission rights between Finland and Estonia would significantly improve opportunities for Lithuanian market participants to hedge the cross-zonal risk. The implementation of this product will be ensured by the Estonian and Finnish transmission system operators.
