As of 1 July 2014, Nord Pool Spot will implement amendments to the ‘Elspot Market Regulations’ and to the ‘Product Specification’ related to the handling of any possible technical failure in the day-ahead trading system. The changes are being made to clarify and supplement existing regulations.
The changes are as follow:
- The definition of ‘previous day’ in Elspot Market Regulations point 8.1.2 is updated and explained in a more common Nordic/Baltic perspective with regards to public holidays.
- Implementation of a fall-back solution for the system price in the unlikely event of area prices being successfully calculated, but the system price not being.
These changes and amendments are specified in the enclosed presentation.
The changes have been accepted by Nord Pool Spot’s Customer Advisory Board.
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 2013 the group had a total turnover of 493 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, 16 June 2014
For more information, please contact:
Hilde K. Rosenblad, Manager Nordic and Baltic operations, +47 67 10 91 74
Stina Johansen, Head of Communications, +47 916 50 603 (for press enquiries)