Nord Pool Spot has announced the successful implementation of the planned performance upgrade of its intraday trading platform Elbas as of Tuesday 3 July.
The Elbas 3.0 upgrade improves real time exchange of information between Nord Pool Spot’s Elbas trading platform and individual members, using new AMQP (Advanced Message Queuing Protocol) technology. It will provide members with enhanced response time, performance and reliability in their daily power trading, with the aim of ensuring that Elbas is the most efficient intraday platform in Europe.
Elbas has the unique feature of providing intraday implicit capacity allocation and intraday trading of power across multiple borders. Today the Nordic as well as Estonian, German, Belgian and Dutch markets are incorporated within Elbas for cross-border intraday trading.
The upgrade was driven by member feedback on response time and performance, key requirements for efficient European intraday power trading.
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. 370 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, 5 July 2012
For further information, please contact:
Stuart Disbrey, Communications Manager UK, +44 7887 409 044