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Operational Messages

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      Join our markets
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      • Becoming a customer
      • Membership list
      Operational messages
      Day-ahead trading
      • Order types
      • Price calculation
      • Preliminary prices and exchange rates
      • Capacities
      • Ramping
      • Loss functionality
      • Curtailment, price thresholds and decoupling
      Intraday trading
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      Clearing
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      API
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      • Impact of Nordic Flow-Based on the Nordic System Price
      • System price results
      Transition to 15-minute Market Time Unit (MTU)
      • FAQ
      EPAD auctions
      Euronext Nord Pool Power Futures

      Rules and regulations

      Our unified rulebook makes trading for our customers efficient, simple and secure.

      Our rulebook applies across all our markets – including where we are a Nominated Electricity Market Operator (NEMO) under the Capacity Allocation and Congestion Management Regulation (CACM), and where Nord Pool has been granted ‘passported’ NEMO rights (such as in the Republic of Ireland and Northern Ireland). 

      A.    General Terms
      B.    Schedules
         
      1. Definitions and Interpretation
         
      2.    Specific Market Regulations
      2.1A Day-ahead Market Regulations - Nordic & Baltic Market, CE Market
      2.1B Day-ahead Market Regulations - GB Market
      2.1C Day-Ahead Market Regulations - NO2 Market
      2.2 Intraday Market Regulations
         
      3. Product Specifications
      3.1 Nordic/Baltic
      3.2 German market
      3.3 GB market
      3.4 NO2 market
      3.5 Austrian market
      3.6 Belgium and the Netherlands
      3.7 French market
      3.8 Polish market
         
      4. Clearing
      4.1 Clearing Rules
      4.2 ECV Transferee Agreement (GB Market)
      4.3 Rating Requirements for Guarantee and Letter of Credit Issuers
         
      5. Fee Schedules
        Commercial terms will be discussed with customers only. If you are a customer, please contact Customer Services or your local Market Manager.
       5.1 Intraday market trade cancellation fee

      C.

      Specimen Agreements

      1. Participant Agreement
         
      2. Client Agreement
         
      3. Gross Bidding Agreements
      3.1 Gross Bidding Agreement (Participants – Nordic/Baltic Market) 
      3.2 Gross Bidding Agreement (Participants – GB Market)
      3.3 Gross Bidding Agreement (Clients  -  Nordic/Baltic Market)
      3.4 Gross Bidding Agreement (Group – Nordic/Baltic Market)
         

      D. 

      Specimen Collateral Documentation

      1. On-demand Guarantee (Norwegian law)
      1b. On-demand Guarantee (German law)
      2. Bank Guarantee (English law) 
      3. Collateral Security Deed (English law)
      4. [not in use]
      5. Letter of Credit (English law)
      6. Pledged Settlement Account Agreements (listed according to the location of the bank account)
      6.1 Norway, Sweden, Finland, Estonia
      6.2 The Netherlands
      7. Non-Pledged Settlement Account Agreement 
      8. Agreement on Disclosure of Information from Parent Company
      9. Netting of Collateral Call Agreement
      10. Pledged Collateral Account Agreements (listed according to the location of the bank account)
      10.1 Norway, Sweden, Finland, Estonia
      10.2 Denmark
      10.3 Germany
      10.4 The Netherlands
      10.5 Austria
      10.6 Belgium

       

       
      Nord Pool logo

        Nord Pool AS

        Tel. +47 6710 9100

        P.O. Box 121

        1325 Lysaker, Norway

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