Nord Pool Spot improves the acceptance rule for linked block orders in the Elspot day-ahead auction with effect from 4 September 2013 (for delivery day 5 September 2013).
Further description of linked block orders and the new acceptance rule may be found here.
Accordingly, Nord Pool Spot adjusts Trading Appendix 2a, Elspot Market Regulations, point 4.2.3. It will read:
4.2.3 In respect of Linked Block Orders, the normal rules for activation of Block Orders in Section 4.2.2 apply. However, Linked Block Orders will be considered collectively as a group and acceptance requires that there is no loss for the collection of Block Orders being accepted. Block Orders which do not have the highest priority among the linked Block Orders will only be activated if all the Linked Block Orders with higher priority have been activated.
This change has been accepted by Nord Pool Spot’s Customer Advisory Board.
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, 21 August 2013
For further information, please contact:
Hilde A. K. Rosenblad, Manager Nordic and Baltics Operations, +47 67 10 91 74
Stina Johansen, Head of Communications, +47 916 50 603 (for press enquiries)