Nord Pool Spot will be a market operator in Latvia from 3 June 2013 and has now agreed congestion management solutions with AST. This requires some adjustments and additions to the existing trading rules.
Nord Pool Spot has therefore revised the Appendices to General Terms related to the handling of capacity on the borders between Estonia, Latvia, Lithuania and Russia.
The changes are as follows:
The existing Appendix 2c: ‘Special Regulations for Trading in the Estonian Electricity Exchange Area towards Latvia’ – will be removed, as the existing exchange area on the border between Estonia and Latvia ELE will be closed when the new Latvian bidding area opens up.
The existing Appendix 2f: ‘Special Regulations for Import and Export between Lithuania and Latvia and between Lithuania and Kaliningrad’ – will be changed so that the border Lithuania-Lativa is no longer included. With the new Latvian bidding area there will be an implicit auction on the connection between the Latvia and Lithuania bidding areas.
A new Appendix under 2: ‘Special Regulations for Trading in the Latvian Import and Export Areas towards Russia’ – will be added. This Appendix regulates trading in a new import and export area towards Russia from the new Latvian Bidding area.
The changes are subject to approval by the Norwegian Water Resources and Energy Directorate and are intended to take effect from 3 June 2013. The revised trading rules are available on Nord Pool Spot’s website.
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 April 2013
For more information, please contact:
Stina Johansen, Head of Communications, +47 916 50 603