Nord Pool Spot is pleased to confirm that the launch of Elbas 4, a brand new European cross border intraday system, in 10 countries will take place as planned on Tuesday 25 November 2014. The launch is marking the successful completion of end-to-end testing by all parties.
Based on members’ feedback and using the latest technology, Elbas 4 will enable trading across multiple markets, combining great customisation options, superb functionality, simplicity and speed.
Elbas 4 will be open to members for their final testing from Tuesday 18 November until Sunday 23 November. Detailed information on the testing and launch timetable is available to all members at: http://www.nordpoolspot.com/tas/intraday-market-elbas/elbas-4/.
The transition from Elbas 3.2 (the current intraday trading system) to Elbas 4 will start at 14:00 CET on Tuesday 25 November. The transition will be identical in all 10 countries currently using Elbas: the Nordics, the Baltics, Germany, the Netherlands and Belgium.
If you should require any further assistance in accessing Elbas 4, please contact the Elbas 4 helpdesk +47 67 10 91 15.
As there may be concerns about generation adequacy in Belgium during the winter period, Elbas 4 will only be launched if Elia’s future outlook (available via www.readyforwinter.be) is ‘green’.
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, 18 November 2014
For more information please contact:
Stina Johansen, Head of Communications, +47 916 50 603 (press inquiries)