In June 2005 Nord Pool Spot informed the market that Nord Pool Spot had started the process of developing a new trading system for the Elspot-market (Press release 8/2005). The launch of the new system, called SESAM, will be during the first half of 2007. The new system will improve the user interface and more information with reporting functionalities will be available directly from the system. The introduction of SESAM will have some minor technical consequences for the Nord Pool Spot participants, which are described below.
System interfaces
SESAM will have a new browser based user interface for all system functionalities. It will include similar functionalities to those found in the current trading system. New user interface includes very high security standards while at the same time providing for simple usage of the system. The system will not require any local end user installations. The new system will replace both the Elweb and Elview solutions. Nord Pool will in due time distribute new usernames and password generator devises to all participants.
In addition to the web-interface the EDIEL-communication will remain one of the central channels for sending and receiving information. There will possibly be some minor adaptations needed concerning the change to SESAM.
New Elspot price floor – negative prices
It will be possible to submit bids with negative prices in SESAM. This means that all participants at the time of introduction should be able to send bids and receive results with negative prices. Nord Pool Spot will inform the market separately of the change to the price floor.
Price calculation
The price calculation in the new system will use similar principles compared with those used in the current system. The re-engineered calculation module will however, provide a more efficient price calculation solution.
Bidding
The Nord Pool Spot product structure with hourly and block bidding functionalities will be continued in SESAM. In addition the system provides flexibility in developing new products.
Rulebook
The Standard Terms for Trading and Clearing in Nord Pool Spot AS’ Physical Markets will be updated to make it compatible with the new trading system. The updated version of the rulebook will be published 30 days before the launch of the new system.
SESAM Seminars
Nord Pool Spot will offer customer seminars where all relevant issues will be presented.
The start up
Planned launching of the new system will be during the first half of 2007. The final launch date will depend on successful completion of a thorough test period, which will include parallel testing with the current trading system. Nord Pool Spot will inform the market of the start up date at the latest two months before the actual launch date. Nord Pool Spot will offer a test environment, which will enable all participants to learn new system functionalities and to test system interfaces.
Lysaker, 21 November 2006
For further information, please contact Nord Pool Spot AS:
Karri Mäkelä, Director Nord Pool Finland Oy, phone: +358 407 320 860
Rickard Nilsson, Project Manager, Nord Pool Spot Sweden, phone: +46 739 818 965
Kenneth Andreassen, Advisor Nord Pool Spot Norway, phone: +47 928 40 654
Anders Houmøller, Director Nord Pool Spot Denmark, Phone: +45 28 11 23 00