The Market conduct rules will be amended from 18 June 2012.
The disclosure requirements, which are valid for members in Nord Pool Spot’s markets in the Nordics and Estonia, will be extended to include the Lithuanian and Latvian power markets. This means that companies being a member owning or controlling, wholly or partially, facilities for production, consumption or transmission related to the Lithuanian and Latvian power markets, will be required to publish urgent market messages (UMMs) on the same conditions currently valid for the Nordic market and Estonia. As a consequence disclosure requirements will be introduced in Lithuania and Latvia from the 18 June 2012.
Incorporating this change, the first part of the first sentence in paragraph 3.1 in Appendix 5 to the Rulebook for the physical markets - Market conduct rules - will read:
“Members shall disclose to Nord Pool Spot any information relating to the Nordic and Baltic electricity market regarding…”
Members in Lithuania will have access to start publishing urgent market messages from 12 June 2012. All urgent market messages must be published within 12:00 CET on 17 June 2012.
Look here for the Market conduct rules.
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, 12 June 2012
For more information, please contact:
Stina Johansen, Head of Communications, +47 916 50 603