London, May 6, 2013
As most of you are aware the NWE price coupling project is due to go live towards the end of this year.
The project is being driven by a partnership of four Power Exchanges and 13 Transmission System Operators in the NWE region, working together to implement a solution to couple markets in Great Britain, Central Western Europe and the Nordic-Baltic regions.
This is an important development for the future of energy trading in the UK and we are very aware that there are many questions outstanding among our members over its full implications. With this in mind Nord Pool Spot on behalf of the project partners would like to invite you to an information session on the NWE price coupling solution on 14 June, to better explain both the solution itself and the implementation planning process.
Please see the attached ‘save the date’ letter for further information. We will inform members as soon as an agenda and registration form are made available, until then please save the date.
For further information on the NWE price coupling project please visit the dedicated European Integration section of the Nord Pool Spot Website: http://nordpoolspot.com/How-does-it-work/European-Integration/NWE/
We will be updating this with new information and developments in the European price coupling projects as they become available, so please feel free to use this resource.
For further information, please contact N2EX:
Emma McKiernan, Client Relationship Executive UK, Nord Pool Spot, phone: +44 207 065 7041/+44 7887 744 700, emk@npspot.com
Media contacts:
Stuart Disbrey, Communications Manager UK Nord Pool Spot, phone +44 207 065 7042 / +44 7887 409 044, stuart.disbrey@npspot.com
Sara Aadnesen, Director Corporate Communications, NASDAQ OMX Commodities and N2EX, phone: +47 6752 8080/+47 9060 0759, sara.aadnesen@nasdaqomx.com
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 leading power market in Europe and offers both day-ahead and intraday markets to its members. 350 companies from 20 countries trade on the market. The Nord Pool Spot group has offices in Oslo, Stockholm, Helsinki, Copenhagen, Tallinn and London. In 2011 the group had a total turnover of 316 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.
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 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
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 Person.
