Nord Pool Spot will implement new minimum and maximum price caps of €-500 and €3000, in the day-ahead market Elspot, from Monday 25 November. These price caps have been agreed among the North-Western Europe project (NWE) parties in order to harmonise the minimum and maximum price caps within the whole North Western Europe, covering the Nordic, Baltic, the UK and Central Western Europe as informed in Exchange information No. 52/2013 - Nord Pool Spot to introduce new minimum and maximum price caps.
The minimum and maximum order price will be set to €-500 and €3000 in the Elspot trading system, SESAM and replaces the current minimum and maximum caps of €-200 and €2000 in Elspot today.
Determination of the new price caps has been undertaken based on investigations of the value of lost load and statistics for historical clearing prices and average minimum and maximum prices within the whole NWE area.
The minimum and maximum price caps in NOK, SEK and DKK will be:
- NOK: -4500 and 27000
- SEK: -5000 and 30000
- DKK: -4000 and 24000
Although Nord Pool Spot provides minimum and maximum prices in Nordic currencies in the Elspot trading system, it is important that members are aware that official minimum and maximum price caps will always be in Euros (€-500 and €3000) if reached.
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, 8 November 2013
For further information, please contact:
Hilde A. K. Rosenblad, Manager Nordic and Baltic Operations, +47 67 10 91 74
Stina Johansen, Head of Communications, +47 916 50 603 (for press enquiries)