Nord Pool Spot is pleased to announce the launch of a new urgent market message (UMM) system from 22 May 2013.
Transparency is a precondition for Nord Pool Spot’s activities, and the UMM system is a specialist tool offered by Nord Pool Spot allowing members to fulfill the disclosure requirements as set out in the Market Conduct Rules.
The new system is both innovative and user-friendly, offering multiple options for filtering, searching and viewing data of interest.
Nord Pool Spot has developed the new UMM system in close collaboration with the market. A focus group consisting of key stakeholders in the Nordic/Baltic power market, including transmission system operators, producers, consumers, portfolio managers and NASDAQ OMX Commodities, has given valuable feedback throughout the design and development process.
Testing
Starting on 14 March all members will be able to login to the new UMM system for testing. Login details and further instructions will be sent to members in advance of the testing period.
More detailed information about the testing, set-up and preparation phases, as well as the technical requirements, can be found underneath the Market Surveillance section.
Within the new UMM system there will from 14 March be a help section with training material, including user guides with step-by-step procedures, guidelines, user cases and help videos.
Training
Nord Pool Spot will invite all users to take part in separate UMM training sessions. Invitations will be sent to members from the start of March 2013.
The current UMM application will remain in use until the launch of the new system.
About Nord Pool Spot
Nord Pool Spot operates Europe’s leading power markets, offering both day-ahead and intraday trading to its members. 370 companies from 20 countries trade on Nord Pool Spot’s markets in the Nordic and Baltic regions, and on our UK market N2EX. In 2012 the group had a total turnover of 432 TWh traded power. Our markets are operated from offices in Oslo, Stockholm, Helsinki, Copenhagen, Tallinn and London. Nord Pool Spot strives continually to strengthen its business by working with integrity, together with members and stakeholders, to achieve excellence.
Lysaker, 25 February 2013
For more information, please contact:
Ellen Charlotte Stavseth, Trading Adviser, +47 67 10 91 83
Elisabeth Melsom, Adviser Market Surveillance, +47 67 10 91 37
Stina Johansen, Head of Communications, +47 916 50 603 (for press enquiries)
or e-mail: [email protected].