In June 2005, Nord Pool Spot informed the market that the process of developing a new Elspot trading system had been started (press release no 8/2005). Later on notice of a launch date during the first half of 2007 was given (press release no 69/2006), and Nord Pool Spot promised to provide further information at the latest two months before the actual launch date.
The price calculation of the new system will be based on principles that are similar to the current system.
The new trading system provides a solid platform for future developments and improvements. Already from the start both capacity ramping and conversion of block bids will be automated. However there will be no new bidding products or changes concerning price floor.
“Illogical” hourly bids
Once the new system has been implemented “illogical” hourly bids will no longer be accepted.
At the homepage http://www.nordpoolspot.com/Glossary the term “Illogical” hourly bids is explained.
The standard terms for trading and clearing in Nord Pool Spot’s physical markets will be updated to make them compatible with the new trading system.
Before launch of the trading system direct participants will be offered training courses. Invitations will be sent out mid-March and the courses will be held at different locations from early April until the beginning of May.
A test web site will also be provided enabling participants to familiarize themselves with the system.
Information at our homepage
At the homepage a new menu section SESAM has been created providing important information about technical requirements as well as general information about the SESAM project: www.nordpoolspot.com/trading/SESAM/.
Lysaker, 8 March 2007
For further information, please contact Nord Pool Spot:
- Karri Mäkelä, director Nord Pool Finland Oy, phone: +358 407 320 860
- Rickard Nilsson, project manager, Nord Pool Spot Sweden, phone: +46 739 818 965
- Kenneth Andreassen, advisor Nord Pool Spot Norway, phone: +47 92 84 06 54
- Anders Houmøller, director Nord Pool Spot Denmark, Phone: +45 28 11 23 00