In Exchange information 79/2009, Nord Pool Spot informed about the implementation of a negative price floor in Elspot. This message is a reminder and an update of details related to the launch.
The implementation will take place as planned on Monday 30 November, i.e. bidding for delivery hours during Tuesday 1 December.
New price floors will be implemented to all bidding areas. The price floor per currency is listed below, and Elspot customers need to take this into account in their bidding.
The values of the price floor in each trading currency will be the following:
|
EUR |
-200 |
|
NOK |
-2,100 |
|
SEK |
-2,400 |
|
DKK |
-1,650 |
In case of curtailment at the price floor, among the floors listed above, the Elspot calculation system will use the highest price floor as the market price. The highest floor is calculated by multiplying each of the floors in the Nordic currencies by the relevant exchange rate and comparing with EUR -200.
Lysaker, 18 November 2009
For further information, please contact Nord Pool Spot:
Trading desk, phone: +47 67 52 80 10 / 80 12 or e-mail: elspot@nordpool.net