Rules and regulations

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

Rules and regulations, valid from September 2025:

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