Unified Rulebook – Making Life Simpler
In order to better reflect the changing market and regulatory environment and to make trading for our customers simpler, Nord Pool has introduced a new unified rulebook across our markets.
The new rulebook went live Monday 3 July and can be viewed here.
Currently members trade with us under our Nordic/Baltic and/or GB rulebooks. Nord Pool's new unified rulebook applies across all our markets – including those where we are a Nominated Electricity Market Operator (NEMO), and granted ‘passported’ NEMO rights.
An important change in the new rulebook is that a participant will be free to select either Norwegian, English or German law as the governing law for their Participant Agreement. The relevant selected governing law will then apply between the participant and Nord Pool for all trading activity with us, irrespective of where such trades are to be delivered. A trade to be delivered in Germany by a UK registered company could be subject to Norwegian law under the terms of our rulebook.
Sharing our views on future trading
Nord Pool’s Chief Technology Officer Chris Whellams was recently interviewed on 'The State of Short-term Power Trading in Europe' by software business FIS.
We shared our expertise and experience in key issues around the future of intraday trading and the use of automatic trading ‘bots’ and application programming interfaces (APIs) – subjects that we know are of great interest to many of our customers.
Nord Pool Intraday API usage has increased dramatically in the last 12 months and as more companies reassess the role of ‘screen trading’ we feel there will be even more interest in our intraday API.
Chris Whellams shared Nord Pool's expertise: “APIs and automation will become more important and more popular going forward as companies seek to maximise efficiency, reduce risk and improve profits through process automation, straight-through processing, algorithmic trading and better use of data.”
Customers can find out more about the Nord Pool intraday API here.
'The State of Short-term Power Trading in Europe' can be downloaded for free here.
New Auction – Member Testing
As we move forwards with our new GB Half Hourly Day Ahead Auction offer, member testing has already begun.
Test auctions are taking place on Tuesdays and Thursdays at 13:30 UK Local time, with member test environments accessible via the following links:
In addition Nord Pool will be hosting webinar demonstrations of the new platform. To attend a demonstration of the new platform and market, customers should register by using these links:
- 1st August 14:30 – 15:30 BST- Webinar details: Register here
- 8th August 14:30 – 15:30 BST- Webinar details: Register here
We are rolling out our simple, efficient and secure Single Sign On (SSO) service, which handles customer log on access control and permits a user, via one set of login credentials, to access multiple applications, as part of our new GB Half Hourly Day Ahead Auction.
For more information on member testing and accessing our SSO service, please contact: support@nordpoolgroup.com.
