Lysaker, 17 November 2011
There will be a spot market volume test on Wednesday 21 December between 10 a.m. and 2 p.m. All N2EX members have the opportunity to provide volume on the N2EX spot market to stress test their systems in a live environment during this time.
On 10 November 2011, the N2EX Market Council agreed to do a volume and stress test on the N2EX intraday market in preparation for an industry shift of volume on to the N2EX platform in Q2 2012. The Market Council consists of representatives from Total Gas & Power, International Power, EDF Energy, EDF Trading, Statoil, RWE, E.ON, Centrica, Scottish Power, SSE and Merrill Lynch.
“This is a major step for both N2EX and our members as we look to centralize trading on to one robust platform”, says Hans Randen, Director European Integration at Nord Pool Spot.
“The significant growth in volumes on the N2EX day-ahead auction the past weeks has led to an increase in trading on the intraday market from some of our members. This gives us a clear signal that the industry is now looking to transact on one platform going forward”, Randen rounds off.
For further information, please contact N2EX:
N2EX Trading Operations, phone +44 207 065 8140/+47 6710 9190, physical.trading@n2ex.com
Press contacts:
Stina Johansen, Communications Manager, Nord Pool Spot AS, phone +47 9165 0603
Sara Aadnesen, Director Communication, NASDAQ OMX Commodities, phone +47 9060 0759
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 authorized clearinghouse.
The web site, www.n2ex.com, provides market information and documentation for the UK power market.
About Nord Pool Spot
Nord Pool Spot runs the largest market for electrical energy in the world, offering both day-ahead and intraday markets to its participants. Nearly 340 companies from 18 countries trade on the market. The Nord Pool Spot group has offices in Oslo, Helsinki, Stockholm, Copenhagen, Tallinn and London. Nord Pool Spot is owned by the Nordic transmission system operators. In 2010, the group had a turnover of 307 TWh representing a value of EUR 18 billion.
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.
NASDAQ OMX Clearing is the trade name of NASDAQ OMX Stockholm AB which 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 more than 350 members from over 15 countries covering a wide range of energy producers, consumers and financial institutions.
For more information, please visit www.nasdaqomxcommodities.com.
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