Volume limits is a new risk management feature in the Auction system allowing the member to define portfolio specific Volume limits on each underlying delivery area for curve orders per MTU, regardless of resolution. Volume limits are mandatory for Nord Pool members, therefore we encourage our members to familiarize with the feature. Volume limits are available for all Auctions in the Auction platform.


  • Limit setting and modification will be available through the Auction Trading UI for users with Trading Responsible access.
  • Regular user accounts will have access to view the Volume limits. 
  • Operators at the trading desk will have access to portfolio limits for monitoring purposes only and will not make changes to the limits on behalf of members.


We encourage to limit the number of users with Trading Responsible access. To activate Trading Responsible access for a user, please send a request to support@nordpoolgroup.com. 


Any order breaching the Volume limits would be rejected automatically with a normal "order rejected" message to the user.  


Please note that the responsibility to submit correct orders lies with the members and that unintentional errors or ignorance can be seen as market manipulation under REMIT Article 5 (or NEM ยง5-4 in Norway). In case of a technical problem preventing Nord Pool from checking a placed order against the Volume limits, the member remains responsible to ensure the order is correct.


Volume limits main view (regular trader access):


1. Click on the Volume limits button in the main view to access the Volume limits view.

2. Volume limits counting lets you keep track of the number of portfolio with Volume limits.

3. It is possible to filter Volume limits on portfolio and area level.

4. Click on the headings to sort the Volume limits list.



Volume limits main view (Trading Responsible access)


Only the Trading Responsible can add, edit or cancel the Volume limits in the Volume limits view.


5. Add new Volume limits.

6. Change existing Volume limits.

7. Delete existing Volume limits.



Add new Volume limits


To add new Volume limits, select Portfolio, Area and define Min and Max Volume limits in MW per MTU before clicking "Submit".


Volume limits examples:

  • To restrict a portfolio to BUY only, set Curve Min to "0".
  • To restrict a portfolio to SELL only, set Curve Max to "0".



A green pop-up notification will appear confirming the successful creating of a new Volume limits.




Change existing Volume limits


When clicking on the "change" icon, a pop-up window will appear and the Volume limits for the predefined Portfolio and Area can be adjusted. Once changes are done, click "submit" to save the new changes.



Delete existing Volume limits 


Click on the trashcan icon for the relevant portfolio. A pop-up box will appear, click "yes" to confirm.

 


A green pop-up notification will appear confirming the successful cancellation of the Volume limits.



Placing orders in a portfolio with Volume limits


If the order is exceeding the predefined Volume limits in a portfolio, a red pop-up notification will appear indication why the order is not successfully submitted.



More information about the product specifications can be found here: [Rules and regulations | Nord Pool]