From 11 October 2011, Nord Pool Spot will be implementing smaller lot sizes on the intraday market Elbas. The reduction will be from 1 MW to 0.1 MW.
“The power markets are continuously developing and we are pleased to introduce smaller lot sizes on our intraday market Elbas. From 11 October all our members will be able to trade lot sizes as low as 0.1 MW, which will give better trading options for small market entrants according to their needs”, said Stina Johansen, Communications Manager Nordic in Nord Pool Spot.
In addition to meeting small customers’ need, the reduction means that Nord Pool Spot can use available transmission capacity in a better way. Transmission capacities at some connections in the Elbas market are today given with one decimal.
Elbas is Nord Pool Spot’s intraday market. Covering the Nordic region, Germany and Estonia, Elbas supplements Elspot and helps secure the necessary balance between supply and demand in the power market for Northern Europe. 100 participants today trade on Elbas.
About Nord Pool Spot
Nord Pool Spot runs the leading power market in Europe and offers both day-ahead and intraday markets to its customers. 350 companies from 18 countries trade on the market. The Nord Pool Spot group has offices in Oslo, Stockholm, Helsinki, Copenhagen, Tallinn and London. In 2010 the group had a total turnover of 310 TWh, which includes the auction volume in the UK market N2EX.
Lysaker, 27 September 2011 10:00 CET
For further information, please contact Nord Pool Spot:
Stina Johansen, Communications Manager Nordic, +47 916 50 603