No.25/2008 Adjustment of Elspot technical price ceiling in NOK, SEK and DKK

As of 14 April 2008, Nord Pool Spot will adjust the Elspot technical price ceiling in NOK, SEK and DKK.  The technical price ceiling of EUR 2000 will remain unchanged.
From 14 April the technical price ceiling will be as follows (current price ceiling in parenthesis):

• EUR 2,000
• NOK 18,000 (16,500)
• SEK 21,000 (18,000)
• DKK 16,500 (15,000)

The technical price ceiling in NOK, SEK and DKK has been unchanged since November 2003. The current level of the Nordic currency rates towards euro makes the actual price ceiling lower than EUR 2,000. In case of curtailment at maximum price, the Elspot calculation system, SESAM, will use the lowest price ceiling (Nordic currency maximum multiplied with currency rate) as market price. Since euro is the primary currency in Elspot, EUR 2,000 should also be the lowest maximum price.  

Lysaker, 3 April 2008

For further information, please contact Nord Pool Spot:

Trading desk, phone +47 6752 8010 / 8016, elspot@nordpool.net

Hilde Rosenblad, manager compliance, phone +47 6752 8030, hr@npspot.