Rules and regulations

Our unified rulebook makes trading for our customers efficient, simple and secure.

Our rulebook applies across all our markets – including where we are a Nominated Electricity Market Operator (NEMO) under the Capacity Allocation and Congestion Management Regulation (CACM), and where Nord Pool has been granted ‘passported’ NEMO rights (such as in the Republic of Ireland and Northern Ireland). 

A.    General Terms
B.    Schedules
   
1. Definitions and Interpretation
   
2.    Specific Market Regulations
2.1A Day-ahead Market Regulations - Nordic & Baltic Market, CE Market
2.1B Day-ahead Market Regulations - GB Market
2.2 Intraday Market Regulations
2.3 Special Regulations for Trading in the Latvian Import and Export Areas towards Russia
2.4 Special Regulations for Trading in the Estonian Import area towards Russia
2.5 Special Regulations for Import and Export Between Lithuania and Kaliningrad
   
3. Product Specifications
3.1 Nordic/Baltic
3.2 German market
3.3 GB market
3.4 Austrian market
3.5 Belgium and the Netherlands
3.6 French market
3.7 Polish market
   
4. Clearing
4.1 Clearing Rules
4.2 ECV Transferee Agreement (GB Market)
4.3 Rating Requirements for Guarantee and Letter of Credit Issuers
   
5. Fee Schedules
  Commercial terms will be discussed with customers only. If you are a customer, please contact Customer Services or your local Market Manager.
 5.1 Intraday market trade cancellation fee

C.

Specimen Agreements
1. Participant Agreement
   
2. Client Agreement
   
3. Gross Bidding Agreements
3.1 Gross Bidding Agreement (Participants – Nordic/Baltic Market) 
3.2 Gross Bidding Agreement (Participants – GB Market)
3.3 Gross Bidding Agreement (Clients  -  Nordic/Baltic Market)
3.4 Gross Bidding Agreement (Group – Nordic/Baltic Market)
   

D. 

Specimen Collateral Documentation
1. On-demand Guarantee (Norwegian law)
1b. On-demand Guarantee (German law)
2. Bank Guarantee (English law) 
3. Collateral Security Deed (English law)
4. Collateral Security Deed (Irish law)
5. Letter of Credit (English law)
6. Pledged Settlement Account Agreements (listed according to the location of the bank account)
6.1 Norway, Sweden, Finland, Estonia, Belgium
6.2 Latvia
6.3 Germany
6.4 The Netherlands
7. Non-Pledged Settlement Account Agreement 
8. Agreement on Disclosure of Information from Parent Company
9. Netting of Collateral Call Agreement
10. Pledged Collateral Account Agreements (listed according to the location of the bank account)
10.1 Norway, Sweden, Finland, Estonia, Belgium
10.2 Germany
10.3 The Netherlands
10.4 Austria
   

 

 

 

 

 

 

Contact

Customer Service:
E-mail: Customer Service

In anticipation of the go-live of the North Sea Link interconnector directly linking the GB and NO2 electricity markets for the first time, the following sections of Nord Pool's Rulebook will be changed/inserted to accommodate the availability of implicit capacity between GB and Norway for the first time:

  1. The General Terms 
  2. Definitions and Interpretation 
  3. The NO2 Day-Ahead Market Regulations (new section)
  4. The GB Day-Ahead Market Regulations
  5. The NO2 Product Specifications (new section)
  6. The GB Product Specifications

 In addition to implementing changes to Auctions on the GB-side and NO2-side of the interconnector, we have also taken the opportunity to correct certain typographical errors and other inconsitencies in the existing drafting. This includes a change with respect to the ownership of orders submitted to our platforms by GB market participants which brings our approach in GB into line with that adopted in all the other markets in which we operate.  

The revised and new rulebook documents will go live for a day-ahead auction to be announced after the confirmed go live date of the interconnector .