Nord Pool is improving its German intraday offering with shortened Gate Closure Time (GCT).
From Wednesday 28 September (delivery date 29 September) Nord Pool customers will be able to trade across the different German TSOs areas until 20 minutes before delivery – reduced from 30 minutes.
After the new 20 min GCT, orders will remain available in the TSO area in which they have been entered, only expiring at the time of delivery.
Announcing the new offering, Pietro Rabassi, Nord Pool’s Director Central European Markets, commented: “Extending trading across all German TSO areas by reducing gate closure to only 20 minutes allows many more opportunities for intraday trading across the German market. We believe those extra 10 minutes provide important added value for traders. We have listened to our customers and worked hard to offer this innovation for the German intraday market as quickly as possible.”
About Nord Pool
Nord Pool, Europe’s leading power market, delivers efficient, simple and secure trading across Europe. The company offers day-ahead and intraday trading, clearing and settlement to customers regardless of size or location. Today 380 companies from 20 countries trade on Nord Pool’s markets.
Nord Pool operates markets in the Nordic and Baltic regions, Germany and the UK, and is a Nominated Electricity Market Operator (NEMO) in 13 European countries, while also servicing power markets in Poland, Croatia and Bulgaria. In 2015 Nord Pool had a total turnover of 489 TWh traded power. The company has offices in Oslo, Stockholm, Helsinki, Tallinn and London.
Lysaker, 13 September 2016
For further information, please contact:
Stina Johansen, Communications Director, +47 916 50 603 (for press enquiries)