Nord Pool Spot hereby gives notice that the collateral requirements for power contracts will be increased during Easter 2013. The adjustment is in accordance with the Rulebook for Nord Pool Spot’s markets.
The adjustment is made in order to cover the period of non-clearing days during Easter.
The adjusted collateral requirement will be increased by two days and will be calculated based on nine days' net purchase.
The collateral requirement must be posted by 11:00 CET on Thursday 21 March 2013.
The collateral requirement will be reduced back to seven days' net purchase on Thursday 4 April 2013.
About Nord Pool Spot
Nord Pool Spot operates Europe’s leading power markets, offering both day-ahead and intraday trading to its members. 370 companies from 20 countries trade on Nord Pool Spot’s markets in the Nordic and Baltic regions, and on our UK market N2EX. In 2012 the group had a total turnover of 432 TWh traded power. Our markets are operated from offices in Oslo, Stockholm, Helsinki, Copenhagen, Tallinn and London. Nord Pool Spot strives continually to strengthen its business by working with integrity, together with members and stakeholders, to achieve excellence.
Lysaker, 12 March 2013
For more information, please contact:
Kjetil Bundli, Risk Manager, +47 67 10 91 51 / +47 99 00 36 90
Gudmunn Sørensen, Chief Accountant, +47 67 10 91 52 / + 47 93 00 79 47
Stina Johansen, Head of Communications, +47 916 50 603 (for press enquiries)