The implementation of SESAM, the new Elspot trading system, has been postponed until 9 October 2007.
In exchange information no 43/2007 (15 August 2007) Nord Pool Spot notified the market that the implementation date of SESAM was planned for 4 September 2007. The trading system has been completely tested and is ready to be implemented.
Exchange information no 15/2007 (8 March 2007) stated that illogical bidding no longer would be accepted as of the implementation of SESAM. The decision to disallow illogical bidding resulted in a complaint being filed with the Norwegian Water Resources and Energy Directorate (NVE).
Nord Pool Spot has been informed by NVE that Nord Pool Spot will be allowed to reject illogical bids with effect from 1 October 2007. Consequently, Nord Pool Spot has decided to postpone the implementation of SESAM until 9 October 2007.
Lysaker, 31 August 2007
For further information, please contact Nord Pool Spot:
Jørn Limann, CEO, phone +45 21 38 55 26