Nord Pool AS hereby gives notice that the collateral requirements for power contracts will be increased during Easter 2016. The adjustment is in accordance with the Rulebook for Nord Pool markets.
The adjustment is made in order to cover the period of non-clearing days during Easter.
The adjusted collateral requirement will be increased by two days and will be calculated based on nine days' net purchase.
The collateral requirement must be posted by 11:00 CET on Tuesday 15 March 2016.
The collateral requirement will be reduced back to seven days' net purchase on Wednesday 30 March 2016.
About Nord Pool
Nord Pool operates Europe’s leading power markets, offering both day-ahead and intraday trading to its members. 380 companies from 20 countries trade on Nord Pool’s markets in the Nordic and Baltic regions, and on our UK market N2EX. In 2015 the group had a total turnover of 489 TWh traded power. Our markets are operated from offices in Oslo, Stockholm, Helsinki, Tallinn and London. Nord Pool strives continually to strengthen its business by working with integrity, together with members and stakeholders, to achieve excellence.
Lysaker, 7 March 2016
For more information, please contact:
Nordic/Baltic Trading Operations, +47 67 10 91 10
Stina Johansen, Director of Communications, +47 916 50 603 (press inquiries)