N2EX increases the number of price steps in the day-ahead auction market

Lysaker, 10 February 2010

2EX has decided to increase the number of price steps in the day-ahead auction market from 64 to 200. The number of price steps includes the price floor of £ 0 and the price ceiling of £ 2000. The change will be implemented Monday 15 February for delivery day 16 February.

The participants choose their price steps and the number of price steps themselves. The only prerequisite is that the price floor and ceiling must be included and the number of price steps cannot exceed 200.

The test environment has been in operation with 200 price steps since 13 January 2010.

For further information, please contact N2EX:

Trading operations, phone +44 (0) 207 065 8140