On Sunday 26 October, the clock will be set back one hour from 03.00 to 02.00 a.m. CET due to the change from summer time (Daylight Saving Time) to standard time.
These are the guidelines for the spot market:
In the Ediel bid both the bid and the price message that are in standard time will contain 25 hours for this day. The bid should be placed from the 24th hour of 25 October until the 24th hour of 26 October. Hours 2 and 3 (standard time) must contain the same values.
There will be no changes for bids sent from Sesam web, with bids given for up to 24 hours. The Sesam will automatically take care of the transition from summer time to standard time.
Printing the price message:
The printed price message from Nord Pool Spot will show prices, quantities and turnover for
25 hours. All sums and average values have been calculated with 25.
The value for the third hour will be doubled in settlement and invoices.
On the Elbas market an additional series PH03081026x will be listed, it corresponds to the latter hour between 02.00 and 03.00 a.m., in other words 02.00 CET – 03.00 CET. It will be possible to trade for the series PH03081026x until 02.00 CET on Sunday 26 October in all bidding areas. Consequently, it is possible to trade for all series as usual until one hour before the beginning of the delivery hour. The series PH03081026x is listed in the trading system after the series PH03081026.
Lysaker, 20 October 2008
For further information, please contact Nord Pool Spot:
Elspot trading desk, phone + 47 6752 8010, e-mail email@example.com
Åsmund Drivenes, acting director trading, phone +47 6752 8036
Olav Aarøy, senior consultant, phone + 47 6752 8060