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This chapter introduces financial clearing and settlement processes in local power spot markets as well as an overview of existing financial clearing and settlement arrangements between NEMOs or their Central Counter Parties (CCP). The first sections describe the generic risk management foundations as well as specific clearing and settlement tasks in the context of European Market Coupling. Thereafter, clearing and settlement arrangements between different NEMOs and CCPs from a practitioner’s perspective are described. Finally, the lessons learned and recommendations derived for the evolution of clearing and settlement in European power spot markets are discussed.

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Clearing and Settlement

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  • 发表日期：

    2025年

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  • Robert Wand

摘要

This chapter introduces financial clearing and settlement processes in local power spot markets as well as an overview of existing financial clearing and settlement arrangements between NEMOs or their Central Counter Parties (CCP). The first sections describe the generic risk management foundations as well as specific clearing and settlement tasks in the context of European Market Coupling. Thereafter, clearing and settlement arrangements between different NEMOs and CCPs from a practitioner’s perspective are described. Finally, the lessons learned and recommendations derived for the evolution of clearing and settlement in European power spot markets are discussed.