On Sunday 26 October, the clock will be set back one hour from 03:00 to 02:00 a.m. CET due to the change from summer time (daylight saving time) to standard time.
The Elspot market
As announced in exchange information no. 27/2014 there will be a change in the handling of the two hours between 02:00 and 03:00 CET in Elspot compared to previous years. For the 26 October 2014, prices will be calculated for 25 hours and the two hours between 02:00 and 03:00 may be treated as two different hours.
For handling of the transition in SESAM web and Ediel please read this technical description.
New excel template in SESAM web
Participants using excel template from SESAM web must download a new template for the 26 October from SESAM web in order to enter orders correctly in SESAM web.
Member testing week 42
Participants who wish to test files or systems for sending or receiving of orders and results for the transition day are welcome to contact Elspot trading desk at the latest during week 42. We will support you with testing.
Amendment to Product Specification, Trading Appendix 3 to General Terms
Point 1.2 Time references – paragraph on long clock change for Elspot will be amended. New Trading Appendix 3, valid from 25 October, is found here.
The Elbas market
There are no changes to the handling of the transition to standard time in Elbas compared to previous years.
On the Elbas market an additional series PH03141026x will be listed, it corresponds to the latter hour between 02:00 and 03:00 a.m., in other words 02:00 CET – 03:00 CET. It will be possible to trade for the series PH03141026x until 02:00 CET on Sunday 26 October in all bidding areas. Consequently, it is possible to trade for all series as usual until the relevant closing time per area before the beginning of the delivery hour. The series PH03141026x is listed in the trading system after the series PH03141026.
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, 9 October 2014
For further information, please contact:
Trading desk, +47 67 10 91 10 or [email protected]