This site uses cookies to offer you a better browsing experience. Find out more on how we use cookies and how you can change your settings.

Nord Pool logo
Nord Pool logo
  • Trading
    • Join our markets
      • Contact us
      • Becoming a customer
      • Membership list
    • Operational messages
    • Day-ahead trading
      • Order types
      • Price calculation
      • Preliminary prices and exchange rates
      • Capacities
      • Ramping
      • Loss functionality
      • Curtailment, price thresholds and decoupling
    • Intraday trading
      • Order types
      • Capacities
    • Clearing
      • Settlement
      • Collateral
      • Trading Models
    • API
      • ISV partners
    • Rules and regulations
    • Market surveillance
      • Market Surveillance Newsletter
      • Expert reports
    • Intraday Auctions
    • Nordic Flow-Based Day-Ahead Market Coupling
      • Impact of Nordic Flow-Based on the Nordic System Price
      • System price results
    • Transition to 15-minute Market Time Unit (MTU)
      • FAQ
    • EPAD auctions
    • Euronext Nord Pool Power Futures
  • Services
    • Power Data Services
      • Day-Ahead Market Data
      • Aggregated Bidding Curves
      • Intraday Market Data
      • Intraday Hub2Hub
      • New Data Portal
      • Electricity retailers
      • Data Portal inquiry
      • Other products
      • FAQ
      • Inquire and Order
    • Compliance
      • REMIT UMM
      • REMIT transaction reporting service
      • REMIT Best Practice Report
    • Consulting
      • Key Stakeholders
      • Consultancy services
      • Recent projects
    • Nord Pool Academy
      • Course Portfolio
      • The Physical and Financial Power Markets Course 11 and 12 June 2025
      • Flow-Based in Depth Course
      • Nord Pool Certified Compliance Course - 8 May 2025
      • Nord Pool Certified Compliance Course 18 June 2025 – LIVE!
      • Nord Pool Certified Day-Ahead Trader Course
      • Customer Reviews
  • Media
    • Newsroom
      • Press releases
      • Newsletters
      • Market Surveillance Newsletters
      • TSO news
      • Whitepapers
      • Articles
      • Subscribe to Press releases
      • Subscribe to Updates
    • Events
      • On-demand webinars
      • Euronext Nord Pool Power Futures – EUA testing Webinar
      • Danish Regional Meeting
      • SDAC 15 Minutes MTU Webinar
    • Photos
    • Annual report
    • Media contacts
  • About us
    • Our business
    • Organisation
      • CEO
      • Strategy & Products
      • Operations, Risk, Clearing & Settlement and HR
      • Public Affairs, Communication & Marketing
      • Legal, Regulatory & Market Coupling Operation
      • Product Development & Innovation
      • Nordic, Baltic & UK​
      • Western & Central Europe
      • Board of Directors
    • Careers
    • History
    • Terms and conditions for use of website
    • Control cookies
    • ESG
      • Product offerings
      • The Norwegian Transparency Act
      • Social
      • Governance
  • Market data
Newsroom
  • Press releases
  • Newsletters
  • Market Surveillance Newsletters
  • TSO news
  • Whitepapers
  • Articles
  • Subscribe to Press releases
  • Subscribe to Updates
Events
  • On-demand webinars
  • Euronext Nord Pool Power Futures – EUA testing Webinar
  • Danish Regional Meeting
  • SDAC 15 Minutes MTU Webinar
Photos
Annual report
Media contacts
Back to listings
17 April 2012 12:32

No. 16/2012 - Revision of Trading rules and Trading agreements

Nord Pool Spot has completed a revision of our Trading agreements to align these with the Trading rules that took effect from 1 January 2011. Nord Pool Spot has included changes to the Trading rules related to the market setup on the Estonian-Latvian border and is also introducing amendments to the Trading rules related to the launch of the new bidding area in Lithuania 18 June 2012. All revised agreements and the updated Trading rules can be found on Nord Pool Spot’s website.

All Trading agreements have been updated and published
All Trading agreements for Nord Pool Spot’s members are revised to align them with the Trading rules that took effect 1 January 2011 (Exchange Info No 72/2011). The last updated agreements are i) Agreement on Disclosure of Information from Parent Company, ii) On-Demand Guarantee, iii) Pledged Cash Account Agreement,  iv) Non-Pledged Cash Account Agreement, v) Netting of Collateral Call Agreement, vi) Gross Bidding Agreement and vii) Market Maker Agreement.

The updated agreements can be found here. The agreements appear in a new format, but there are no material changes to the agreements.

Changes to the Trading rules on the Estonian – Latvian border
Nord Pool Spot is with Estonian TSO Elering in the process of changing the current setup with the import and export areas towards Latvia. The two areas ELE and ELI will be merged into one area ELE for both imports and exports. The provision that members are always settled with the Estonian price will be removed. Instead the new ELE area will form a separate price, different from the Estonian price in case of congestion on the border. The new appendix connected to the new area can be found here. This change will take place on 18 June 2012 as the first delivery date for the new setup.

The regulation in import area towards Russia will remain without material changes, but will appear in a new appendix. The changes in the Trading rules will take effect from 18 June 2012.

The special regulations in the Trading rules connected to the existing setup Appendix 11 “Special regulations for trading in Estonian import and export areas towards Russia and Latvia” will be replaced by the two appendices described above.

Changes to the Trading rules related to the launch of the new bidding area in Lithuania
Nord Pool Spot will start as market operator in Lithuania from 18 June 2012, and has agreed on congestion management solutions with Litgrid. The congestion management solution consists of dedicated portfolios for import and exports on the borders between Lithuania-Latvia and Lithuania- Kaliningrad. The bidding in the dedicated portfolios is described in the new appendix. On the border between Lithuania and Belarus, import and export areas will be used as a congestion management solution. The new appendix covering the Lithuanian-Belarus border can be found here. Disclosure requirements will be introduced in Lithuania. The changes in the Trading Rules will take effect from 18 June 2012.

About Nord Pool Spot
Nord Pool Spot runs the leading power market in Europe and offers both day-ahead and intraday markets to its members. 350 companies from 20 countries trade on the market. The Nord Pool Spot group has offices in Oslo, Stockholm, Helsinki, Copenhagen, Tallinn and London. In 2011 the group had a total turnover of 316 TWh, which includes the auction volume in the UK market N2EX.
 
Lysaker, 17 April 2012
 
For more information, please contact:
Stina Johansen, Communications Manager Nordic, +47 916 50 603


Previous message Next message

Choose quarter

{{ group.year }}

  • ({{ period.count }})
Nord Pool logo

    Nord Pool AS

    Tel. +47 6710 9100

    P.O. Box 121

    1325 Lysaker, Norway

Market Data

  • Day-ahead
  • Intraday
  • Power system data
  • Map

Trading

  • Join our markets
  • Operational messages
  • Day-ahead trading
  • Intraday trading
  • Clearing
  • API
  • Rules & regulations
  • Market surveillance
  • Customers have their say

Services

  • Premium Data Services
  • Compliance
  • Consulting
  • Nord Pool Academy
  • German mini-site
  • French mini-site

The Power Market

  • Day-ahead market
  • Intraday market
  • CACM regulation
  • Benchmark regulation - Nordic system price
  • Market members
  • Bidding areas

Social media

Quick links

  • UMM
  • Auction
  • Intraday Web
  • CASS
  • Intraday and GB Half Hourly auctions

Media

  • Press
  • Newsroom
  • Annual report
  • Download center

About us

  • Careers
  • Advisory board
  • History
  • Organisation
  • Corporate Compliance Policy
  • Control cookies

Contact us

  • Norway
  • Sweden
  • Finland
  • Estonia
  • UK
  • Germany

© Nord Pool 2020 | Imprint, Data Policy, Legal Notice, How We Treat Personal Data