Tuesday 1 November 2011 Sweden will be divided into four bidding areas. Effective from this date, the Elspot trading platform is adjusted and ready to handle the four bidding areas.
Nord Pool Spot’s production system for delivery on Monday 31 October will be available from Monday 24 October. For delivery Tuesday 1 November and onward, the production system will be open from Wednesday 26 October. This means the production system will include the four bidding areas from 24 October, and it is possible for all members to include actual orders. Orders for 1 November can be added and adjusted until 12:00 CET Monday 31 October.
It is the reposnsibility of the participant to ensure that the correct order is submitted. Nord Pool Spot asks all participants trading in the new Swedish bidding areas to take extra precautions to secure that orders are entered into the correct bidding area. Please note that since there is no trading history on the portfolios per area, it is more difficult for Nord Pool Spot to discover any orders entered in the wrong bidding area.
Nord Pool Spot will receive all available transfer capacity between Swedish bidding areas from Svenska Kraftnät. These will be published each day around 10:00 CET from 31 October. This capacity will be utilised in the price calculation, and all participants are required to have a planned hourly balance per bidding area.
The names of the different areas are from north to south are SE1 (Luleå), SE2 (Sundsvall), SE3 (Stockholm) and SE4 (Malmö). The city names indicate the reference points for the CfD contracts in the financial market.
Nord Pool Spot would also like to remind you of stating the correct bidding area in urgent market messages as described in exchange information no. 14/2011. Should you need any assistance, please do not hesitate to contact Market Surveillance on +47 67 10 91 35.
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, 24 October 2011 16:14 CET
For further information, please contact:
Trading desk, +47 67 10 91 10 or [email protected]
Stina Johansen, Communications Manager Nordic, +47 916 50 603 (press)