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14 February 2011 11:00

No. 11/2011 - Nord Pool Spot introduces negative prices on Elbas, and reduces gate closure on Elbas in Germany

Nord Pool Spot today announced two news to the Elbas intraday market:

  • At February 15th, negative prices will be introduced on the cross border intraday market Elbas. Negative prices will be available in all market areas of Elbas.
  • From April 1st gate closure for intraday trading on Elbas in Germany will be reduced from 60 minutes to 30 minutes.


“The markets of electrical energy are continuously developing and we are pleased to introduce these changes to our intraday market Elbas.  They represent important features in developing our European cross-border intraday market according to our market participants needs”, says Marie Thuestad, Director Sales in Nord Pool Spot AS.

 

About Nord Pool Spot
Nord Pool Spot runs the leading power market in Europe and offers both day-ahead and intraday markets to its customers. 350 companies from 18 countries trade on the market. The Nord Pool Spot group has offices in Oslo, Stockholm, Helsinki, Copenhagen, Tallinn and London. In 2010 the group had a total turnover of 310 TWh, which includes the auction volume in the UK market N2EX.
 

Lysaker, 14 February 2011 10:00 CET

 

For further information, please contact Nord Pool Spot:
Stina Johansen, Communications manager Nordic,
phone + 47 916 50 603


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