Nord Pool Spot is pleased to announce that its European intraday market, Elbas, opens for trading in Latvia and Lithuania on Tuesday 10 December 2013 at 14:00 CET. Members can start trading at 14:00 CET for all products that are to be delivered from the first hour Wednesday 11 December.
Elbas is a continuous cross-border intraday market where adjustments to trades in the day-ahead market, Elspot, are made. Elbas plays an important complementary role in creating an efficient power market, as a variety of European counterparts trade power contracts comprising different power sources, close to delivery hour. Elbas is well established as a successful European cross-border intraday market in the Nordic region, Estonia and the German market. It is also the intraday platform used in the Belgian and Dutch markets.
About Nord Pool Spot
Nord Pool Spot operates Europe’s leading power markets, offering both day-ahead and intraday trading to its members. 370 companies from 20 countries trade on Nord Pool Spot’s markets in the Nordic and Baltic regions, and on our UK market N2EX. In 2012 the group had a total turnover of 432 TWh traded power. Our markets are operated from offices in Oslo, Stockholm, Helsinki, Copenhagen, Tallinn and London. Nord Pool Spot strives continually to strengthen its business by working with integrity, together with members and stakeholders, to achieve excellence.
Lysaker, 6 December 2013
For further information, please contact:
Stina Johansen, Head of Communications, +47 916 50 603