As of 18 November 2014, Nord Pool Spot will implement a change relating to the handling of Non-Matching in the Elspot market regulations, section 4.3.
Section 4.3 in Appendix 2a - Elspot Market Regulations describes a set of procedures which may be activated in the event of a max or min price situation in one or more market areas. The current wording indicates that the remedies should follow the order in which they are listed in the regulation. However, due to time constraints in the market coupling procedures, an iterative process will not always be possible. Therefore the amendment gives the option to activate more than one remedy at a time, where this is still possible following applicable procedures.
This amendment will take effect from 18 November 2014.
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)