N2EX spark spreads published from 13 December 2010
Lysaker, 10 December 2010
We are pleased to announce that N2EX will start providing estimated spark spread and adjusted gas price indices from 13 December.
The spark spread index is based on N2EX day-ahead auction power price and quoted gas price. These indices are purely for information purposes and are not tradable.
The spark spread is derived from:
• the day-ahead auction base load price for the applicable delivery date at 09.30 (i.e. the closing price of the auction)
and
• the trader-supplied WD (Within Day) and DA (Day-Ahead) gas prices at 09.30 on that day (to correspond with the day-ahead auction price).
Industry average conversion rates are used to derive spark spread. Indexes will be published on the N2EX homepage together with other indexes. Please find the product codes bellow:
Adjusted Gas Price: N2P_GAS-yyyymmdd
Spark Spread Index: N2P_DSS-yyyymmdd
For more information please refer to the product overview document found at:
http://www.n2ex.com/digitalAssets/72/72569_productoverview.pdf
For further information, please contact N2EX:
N2EX Trading Operations, phone +44 207 065 8140/+47 6710 9190,
physical.trading@n2ex.com
Press contact:
Siw Hauge, Director Communications, Nord Pool Spot, 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 a secondary name of NASDAQ OMX Oslo ASA, and is authorised as a commodity derivatives exchange by the Norwegian Ministry of Finance and supervised by the Norwegian Financial Supervisory Authority.
The clearing house, NASDAQ OMX Stockholm AB, 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 370 members from almost 20 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. 330 companies from 20 countries trade on the exchange. The Nord Pool Spot group has offices in Oslo, Helsinki, Stockholm, Fredericia (Denmark), Tallinn and London. Nord Pool Spot is owned by the Nordic transmission system operators. In 2009, the group had a turnover of 288 TWh representing a value of EUR 10.8 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.