Nord Pool Spot hereby gives notice that collateral requirements for power contracts will be increased during Easter 2012. The adjustment is in accordance with the Rulebook for Nord Pool Spot’s markets.
The adjustment is made in order to cover the period of non-clearing days during Easter.
The adjusted collateral requirement will be increased by two days and will be calculated based on nine days net purchase.
The collateral requirement must be posted by 11:00 CET on Tuesday 3 April 2012.
The collateral requirement will be reduced back to seven days net purchase on Thursday 12 April 2012.
About Nord Pool Spot
Nord Pool Spot runs the leading power market in Europe and offers both day-ahead and intraday markets to its members. 350 companies from 20 countries trade on the market. The Nord Pool Spot group has offices in Oslo, Stockholm, Helsinki, Copenhagen, Tallinn and London. In 2011 the group had a total turnover of 316 TWh, which includes the auction volume in the UK market N2EX.
Lysaker, 21 March 2012
For more information, please contact:
Kjetil Bundli, Risk manager, +47 67 10 91 51 / +47 99 00 36 90
Gudmunn Sørensen, Chief Accountant, +47 67 10 91 52 / + 47 93 00 79 47
Stina Johansen, Communications Manager Nordic, +47 916 50 603 (press)