With effect from 15 October 2016, Nord Pool is changing its Market Conduct Rules.
Until now it has been an obligation for all Nord Pool members to ensure that inside information that is published according to REMIT, is published through Nord Pool’s UMM system.
This requirement has now been clarified to include the Transparency Regulation Article 7, 10 and 15 – though only for information relating to the Nordic and Baltic electricity market. All affected Nord Pool members are already using our UMM system for this purpose, but from 15 October this will be clearly set out in the Market Conduct Rules.
In addition, the specific disclosure requirements for Norway have been updated in order to align them with the requirements set out in the Manual of Procedures on data reporting under REMIT.
About Nord Pool
Nord Pool, Europe’s leading power market, delivers efficient, simple and secure trading across Europe. The company offers day-ahead and intraday trading, clearing and settlement to customers regardless of size or location. Today 380 companies from 20 countries trade on Nord Pool’s markets.
Nord Pool operates markets in the Nordic and Baltic regions, Germany and the UK, and is a Nominated Electricity Market Operator (NEMO) in 13 European countries, while also servicing power markets in Poland, Croatia and Bulgaria. In 2015 Nord Pool had a total turnover of 489 TWh traded power. The company has offices in Oslo, Stockholm, Helsinki, Tallinn and London.
Lysaker, 30 September 2016
For further information, please contact:
Stina Johansen, Communications Director, +47 916 50 603 (for press enquiries)