Nord Pool gives notice that the collateral requirements for power contracts will be increased during the Christmas period. The adjustment is in accordance with the Standard Terms for Trading and Clearing in Nord Pool’s Day-ahead and Intraday markets.
The adjustment is made in order to cover the period of non-clearing days during Christmas.
The adjusted collateral requirements will be increased by two days and will be calculated based on nine days’ net purchase.
The collateral requirements must be posted by 11:00 CET on Friday 16 December 2016.
The collateral requirement will be reduced to seven days’ net purchase on Tuesday 3 January 2017.
About Nord Pool
Nord Pool, Europe’s leading power market, delivers efficient, simple and secure trading across Europe. The company offers day-ahead and intraday trading, clearing and settlement to customers regardless of size or location. Today 380 companies from 20 countries trade on Nord Pool’s markets.
Nord Pool operates markets in the Nordic and Baltic regions, Germany and the UK, and is a Nominated Electricity Market Operator (NEMO) in 14 European countries, while also servicing power markets in Poland, Croatia and Bulgaria. In 2015 Nord Pool had a total turnover of 489 TWh traded power. The company has offices in Oslo, Stockholm, Helsinki, Tallinn and London.
Lysaker, 12 December 2016
For further information, please contact:
clearing@nordpoolgroup.com