Nord Pool Spot gives notice that the collateral requirements for power contracts will be increased during the Christmas period. The adjustment is in accordance with the Standard Terms for Trading and Clearing in Nord Pool Spot’s Elspot/Elbas markets.
The adjustment is made in order to cover the period of non-clearing days during Christmas.
The adjusted collateral requirement will be increased by two days and will be calculated based on nine days’ net purchase.
The collateral requirement must be posted by 11:00 CET on Tuesday, 16 December 2014.
The collateral requirement will be reduced to seven days’ net purchase on Tuesday, 6 January 2015.
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, 3 December 2014
For further information, please contact:
Anstein Eie, Risk Manager, +47 67 10 91 67 / +47 92 25 06 24
Robert O’ Doherty, Risk Manager, +47 67 10 91 66 / +47 94 16 57 89