Nord Pool Spot has done a review of the Rulebook in order to ensure that it is updated and adequate.
The Trading Rules appear in a new format with more detailed wording and descriptions of the processes, but are mainly clarifications of the current principles and Rulebook. There are few material changes in the new Trading Rules being issued.
The new version of the trading rules has been discussed with market participants through Nord Pool Spot’s Customer Advisory Board and has been informed to the Norwegian Water Resources and Energy Directorate, and will come into effect 1 January 2011.
The new rules are attached. It is the Trading Rules, Clearing Rules, Market Conduct Rules, Elspot Market Regulations and Elbas Market Regulations that are changed. In the Clearing Rules, Nord Pool Spot wants to make a number of larger changes. However, this process will take more time, and therefore only small adjustments will be implemented at this stage.
Further, there will be changes in the participant agreements. Notably, in the future it will only be necessary to sign one agreement in order to trade on both Elbas and Elspot, and this agreement will be with Nord Pool Spot. Nord Pool Finland Oy will provide services to Nord Pool Spot relating to Elbas, but Nord Pool Spot will be responsible and counterparty for trading at Elbas. Nord Pool Spot will start the process of signing new participant agreements that are to replace the current agreements as soon as possible. The planned participant agreement is also attached.
Please find more information at:
Letter to Advisory Board
Trading Rules - General Terms
Trading Appendix Definitions
Trading Agreement 1 - Participant Agreement
Elspot Market Regulation
Elbas Market regulation
Market Conduct Rules
Product Specifications Physical Markets (2)
Comparison Rulebook General Terms
Comparison Rulebook Market Conduct Rules
Comparison Rulebook Elspot doc
Comparison Rulebook Elbas
Lysaker, 10 December 2010 10:00 CET
For further information, please contact Nord Pool Spot: