Publication of N2EX reference prices for the UK power futures contracts
Lysaker, 27 January 2011
Starting Monday 31 January, the day-ahead auction reference price will be published via the front-office platforms: “SAPRI Trade” and “CLICK Trade”. A market message will be sent out to the participants via the SAPRI Trade and CLICK Trade platforms with an expected price publication time shortly after each auction closure.
Prices will be published on the N2EX website (www.n2ex.com) at the same time as they are distributed via the front-office platforms. The auction results will be available via the ‘CONDICO Clearing’ platform with up to three minutes delay.
In order to ensure that price information is available for all market participants simultaneously the primary price publication sources will be ‘SAPRI Trade’, operated by Nord Pool Spot AS and ‘CLICK Trade’, operated by NASDAQ OMX Commodities.
NASDAQ OMX Commodities Europe will launch a market for UK power futures using the N2EX day-ahead auction as the reference price on 31 January 2011.
Price publication schedule:
Monday to Thursday:
09.30 - Auction closure.
09.45 - Prices published for day-ahead delivery.
Friday, with staggered auction:
09.15 - Auction closure for Saturday.
09.20 - Prices published for Saturday's delivery.
09.30 - Auction closure for Sunday.
09.35 - Prices published for Sunday's delivery.
09.45 - Auction closure for Monday.
09.50 - Prices published for Monday's delivery.
Bank holiday:
10.00 - Auction closure for Tuesday (When Monday is a bank holiday).
10.05 - Prices published for Tuesday's delivery.
Should any delays occur a market message will be sent out with updated price publication times.
For further information, please contact:
N2EX Trading Operations, phone +44 207 065 8140/+47 6710 9190, physical.trading@n2ex.com
NASDAQ OMX Commodities Marketplace service, phone +47 6752 8037, desken@nasdaqomx.com
Press contacts:
Trine Fersnes Riccardi, Director of Communications, Corporate Communications,
phone +47 6752 8080/+47 9574 7497
Siw Hauge, Director Communications, Nord Pool Spot AS, phone + 47 9061 5992
About N2EX
N2EX is the name of the UK power market offering from NASDAQ OMX Commodities and Nord Pool Spot. NASDAQ OMX Stockholm AB is the authorised clearing house.
The web site, www.n2ex.com, provides market information and documentation for the UK power market.
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 authorised 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 Stockholm AB, which is authorised and supervised as a multi-asset clearing house by the Swedish Financial Supervisory Authority in Sweden as well as authorised to conduct clearing operation in Norway by the Norwegian Ministry of Finance.
NASDAQ OMX Commodities has more than 360 members from 16 countries covering a wide range of energy producers, consumers and financial institutions.
For more information, please visit www.nasdaqomxcommodities.com.
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 exchange. 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.
This document is being directed solely at and may only be communicated to persons: (i) who have professional experience in matters relating to investments as defined in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "FPO") or, (ii) who are high net worth companies, unincorporated associations and trustees of high value trusts within Article 49(2)(a)-(d) of the FPO, or (iii) to whom it may otherwise be lawful to distribute it (all such persons together being referred to as "Relevant Persons"). Any investment activity to which this document relates is available only to Relevant Persons and will be engaged in only with Relevant Persons.