Nord Pool Spot has received the following information from Nordel:

Nordel has decided to harmonize the Gate Closure times for production plans and bids in the regulating power market. The goal of the decision is to offer common rules to all market players in the Nordel area and at the same time ensure TSOs' a reasonable time to plan the balancing of the power system. This is a part of the harmonization of the whole Nordel area and seen as a compromise solution between TSOs and market players needs. The harmonized gate closure time will be implemented in connection with the harmonization of the Nordic balance management rules, e.g. in the beginning of 2009 at latest.  
 
Binding production plans and bids in the regulating power market shall be submitted to TSOs 45 minutes before the operating hour at latest. This will allow the Elbas market a closing time of one hour before the operating hour in all Nordic countries.

Nordel will monitor experiences from the new procedures and, after the first year, evaluate possibilities to reduce closing times.

Lysaker, 23 October 2007
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For further information, please contact the Nordel Operations Committee:
Per Sörensen Energinet.dk, [email protected], +45 76 22 42 11
Reima Päivinen, Fingrid Oyj, [email protected], +358 30 395 5160
Øivind Rue, Statnett SF, [email protected], +47 22 52 72 95
Mikael Engvall, Svenska Kraftnät, [email protected], +46 8 739 78 78

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