Update to the N2EX Rulebook - effective 4th February 2014

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| Source: N2EX
multilang-release

The following sections of the N2EX Rulebook have been updated to reflect changes to the N2EX market as a result of North-Western Europe (NWE) day-ahead price coupling which will go live on the 4th February 2014. The updated rulebook also includes changes as a result of the implementation of the Regulation on Energy Market Integrity and Transparency (REMIT).

  • Trading Rules – General Terms
  • Trading Appendix 1 – Definitions
  • Trading Appendix 2b - Auction Market Regulations
  • Trading Appendix 3 – Product Specifications
  • Trading Appendix 4 – Trading Schedule
  • Trading Appendix 5 – Market Conduct Rules

The new version of the N2EX Rulebook will come into effect on 4th February 2014 and can be viewed here: https://www.n2ex.com/physicalmarket/legalframework

Please Note: should NWE market coupling be subject to delays, N2EX may decide to postpone the implementation of the updated rulebook.

 

For further information, please contact N2EX:
Emma McKiernan, Client Relationship Executive N2EX, tel +44 7887 744 700, emk@npspot.com

N2EX Trading Operations, tel +44 207 065 8140/+47 6710 9190, physical.trading@n2ex.com

Press contacts:
Stuart Disbrey, Communications Manager UK, Nord Pool Spot AS, phone +44 7887 409 044

About N2EX

N2EX is the name of the UK power market offering from Nord Pool Spot and NASDAQ OMX Commodities. NASDAQ OMX Clearing is the authorised clearinghouse.

 

The website www.n2ex.com provides market information and documentation for the UK power market.

 

About Nord Pool Spot

Nord Pool Spot runs the leading power market in Europe and offers both day-ahead and intraday markets to its members. 370 companies from 20 countries trade on the market. The Nord Pool Spot group has offices in Oslo, Stockholm, Helsinki, Copenhagen, Tallinn and London. In 2013 the group had a total turnover of 493 TWh, which includes the auction volume in the UK market N2EX.

 

For more information, visit www.nordpoolspot.com.

 

About NASDAQ OMX Commodities

NASDAQ OMX Commodities is the brand name for the NASDAQ OMX Group’s worldwide suite of commodity related products and services. The NASDAQ OMX Commodities offerings include power, natural gas and carbon emission markets and clearing services. NASDAQ OMX Commodities is a trademark of the NASDAQ OMX Group, Inc.

 

NASDAQ OMX Commodities Europe is the trade name of NASDAQ OMX Oslo ASA which is authorized as a commodity derivatives exchange by the Norwegian Ministry of Finance and supervised by the Norwegian Financial Supervisory Authority. All trades with NASDAQ OMX Commodities Europe are subject to clearing with NASDAQ OMX Clearing.

 

NOS Clearing ASA is the leading clearing house for the freight market and a specialist clearing provider to the commodities markets. The company is wholly owned by the NASDAQ OMX Group Inc. The clearinghouse, which is situated in Oslo, has more than 300 members.

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NASDAQ OMX Clearing AB is authorized and supervised as a multi-asset clearinghouse by the Swedish Financial Supervisory Authority in Sweden as well as authorized to conduct clearing operation in Norway by the Norwegian Ministry of Finance.

 

NASDAQ OMX Commodities has nearly 350 members from over 15 countries covering a wide range of energy producers, consumers and financial institutions.

 

For more information, please visit www.nasdaqomx.com/commodities