The new products, which are available for auction trading 25 November 2015 for delivery 26 November 2015, include:
• Profile Block Orders
• Advanced Linking of Block Orders
• Minimum Acceptance Ratio – Curtailable Block Orders
• Flexible Hourly Purchase Orders
With the introduction of more flexible Block Orders the current Convertible Block Orders will be removed from the Nord Pool Spot Day-ahead auction. The associated procedure of ‘Block Conversion’ in the event of non-matching will also be removed.
More information on the new order types offered by Nord Pool Spot can be found here: Elspot Order Types
About Nord Pool Spot
Nord Pool Spot operates Europe’s leading power markets, offering both day-ahead and intraday trading to its members. 380 companies from 20 countries trade on Nord Pool Spot’s markets in the Nordic and Baltic regions, and on our UK market N2EX. In 2014 the group had a total turnover of 501 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, 11 November 2015
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)