Due to increased volatility and currency exchange rates in EUR/NOK, Nord Pool Spot will implement new minimum and maximum price caps in NOK from Sunday 29 December (for delivery Monday 30 December) for trading in the day-ahead market Elspot.
The new price caps in NOK will be -5000 and 30 000.
The new price caps in NOK will be provided in the Elspot trading system, and are set to be in accordance with the official minimum and maximum price caps which are EUR -500 and EUR 3000.
There will not be any changes to the price caps for SEK or DKK.
This is done in accordance with Elspot Market Regulations, Section 2.3 Price Range.
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, 16 December 2013
For further information, please contact:
Hilde A. K. Rosenblad, Manager Nordic and Baltic Operations, +47 67 10 91 74
Stina Johansen, Head of Communications, +47 916 50 603 (for press enquiries)