Nord Pool would like to make you aware that the risk price parameters used in our margin model for the calculation of collateral calls are being adjusted. The changes will be effective for collateral calls due Thursday 16th September at 11:00 CET onwards.
The adjustment implemented is in line with section 15.4 of the Nord Pool Clearing Rules. A three year lookback period has been applied to the risk price parameter calculation for all markets with the exception of the UK, for which a lookback period from 15 May 2021-15 September 2021 has been applied due to extraordinarily high recent prices.
You can view the updated risk price parameters online here:
https://www.nordpoolgroup.com/trading/Clearing/Collateral/
Please note that this message was sent as an Operational Message to Nord Pool customers yesterday afternoon. Adjustments to parameters in the Nord Pool collateral model will in the future only be distributed as Operational Messages and can be found here: https://www.nordpoolgroup.com/trading/Operational-Message-List/
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 360 companies from 20 countries trade on Nord Pool’s markets.
Nord Pool operates markets in the Nordic and Baltic regions, the UK, Central Western Europe (covering Austria, Belgium, France, Germany, Luxembourg and The Netherlands) and Poland. Nord Pool is a Nominated Electricity Market Operator (NEMO) in 15 European countries, while also servicing power markets in Croatia and Bulgaria. In 2020 Nord Pool had a total turnover of 995 TWh traded power. The company has offices in Oslo, Stockholm, Helsinki, Tallinn, London and Berlin.
Nord Pool has 25 years of power market experience built on offering flexibility, transparency, innovation, greater choice and participation to our customers.
Oslo, 15 September 2021
For further information, please contact:
Nord Pool Clearing Operations, clearing@nordpoolgroup.com