Nord Pool Spot is pleased to announce the launch of Elbas 4, a brand new European cross border intraday system, in ten countries on Tuesday 25 November 2014.
Based on members’ feedback and using the latest technology, Elbas 4 will enable trade across multiple markets, combining great customisation options, superb functionality, simplicity and speed.
The transition from Elbas 3.2 (the current intraday trading system) to Elbas 4 will start at 14:00 CET Tuesday 25 November. The transition will be identical in all ten countries currently using Elbas: the Nordics, the Baltics, Germany, the Netherlands and Belgium.
Please note that all trading of products for Tuesday 25 November should be undertaken in the current Elbas 3.2 system. This includes products spanning from PH20141125-01 until PH20141125-24.
At 14:00 CET Tuesday 25 November products for Wednesday 26 November will be opened for trading solely in the new Elbas 4 system. From this time both Elbas 3.2 and Elbas 4 will be live intraday trading systems, but offer different products. The first product available to trade in the new Elbas 4 system will be PH-20141126-01.
Please be aware that overnight block products covering the transition time will not be available.
Final member testing
Elbas 4 will be open for members for their final testing from 18 November. Detailed information will be distributed to all members as well as published on: http://www.nordpoolspot.com/TAS/Intraday-market-Elbas/elbas-4/.
The launch date is subject to successful end-to-end testing being carried out by parties involved in the project. In the case of Belgium, where there may be concerns about generation adequacy during the winter period, Elbas 4 will only be launched if Elia’s future outlook (available via www.readyforwinter.be) is ‘green’.
News in Elbas 4
Elbas 4 will offer new opportunities within the intraday market and we now introduce three new order types: ‘Immediate or Cancel’, ‘Fill or Kill’ and ‘Iceberg’. With Elbas 4 both 15-minute and 30-minute products are introduced initially only for trading in the German market area.
To further improve trading opportunities within Germany, Elbas 4 will handle Germany as four bidding areas. The four bidding areas are identical to the four TSO areas 50HZ, TTG, AMP and TBW. Please note that this change will not affect the way members are scheduling their trades today, as this is already done per TSO area.
Log in Elbas 4
The new Elbas 4 platform will be accessed from https://elbas.nordpoolspot.com. All login details will remain the same. All network configuration requirements will also remain the same with Elbas 4 as with the current Elbas platform.
If you should require any further assistance in accessing Elbas 4, please contact the Elbas 4 helpdesk +47 67 10 91 15.
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 2013 the group had a total turnover of 493 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, 4 November 2014
For more information please contact:
Stina Johansen, Head of Communications, +47 916 50 603 (press inquiries)