The intra day trading system Elbas will cover all of Germany as of 10 January 2007.
Elbas was introduced in KONTEK (Nord Pool Spot’s German bidding area, controlled by Vattenfall Europe Transmission GmbH) on 25 September 2006. With the new automatic scheduling system introduced by the German TSOs, Elbas is now to be launched in all of Germany. On 10 January 2007, Elbas opens the hours of 11 January for intra day trading in all four German TSO areas.
The German Elbas participants can choose in which areas they want to be active and the reporting is handled automatically according to existing practice in the Nordic Elbas region today.
The deadline for submitting bids in Elbas has also been reduced from 75 minutes to 60 minutes before the operating hour in all German areas and on the Kontek Link. This implies that Elbas will close one hour before the operating hour in the whole Elbas region which now covers Eastern Denmark, Sweden, Finland and Germany.
Lysaker, 8 January 2007
For further information, please contact Nord Pool Spot:
Marie Thuestad, project manager Elbas, phone +47 67 52 81 27
Elbas helpdesk, phone: +47 67 52 80 10, e-mail: [email protected]