Nord Pool would like to inform UK members of a change in the current margin model.
From 18 December 2018 the day factor risk parameter will remain at the previously announced seasonal adjusted level of three days, going forward. We will no longer collateralise a member’s net seller position and will replace the fixed base collateral requirement with a minimum requirement which is the GBP equivalent of 30,000 EUR.
The reason for this change for UK members is to consolidate our margin model across all Nord Pool markets.
The adjusted parameters are also published online.
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, France, The Netherlands, Belgium, Austria and the UK. Nord Pool is a Nominated Electricity Market Operator (NEMO) in 15 European countries, while also servicing power markets in Croatia and Bulgaria. In 2017 Nord Pool had a total turnover of 512 TWh traded power. The company has offices in Oslo, Stockholm, Helsinki, Tallinn, London and Berlin.
Nord Pool has 25 years of power market experience built on offering flexibility, transparency, innovation, greater choice and participation to our customers.
Lysaker, 17 December 2018
For further information, please contact:
Nord Pool Clearing Operations, firstname.lastname@example.org