FAQ

Find questions and answers to:	General Questions
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	General Questions
What kind of information do you need before I can start trading?	Please visit our webpage www.npgas.com under the heading “How to become a participant”
Is it possible to trade without a Shipper Code?	No it is not. You must enter a framework agreement with Energinet.dk who will also provide you with a shipper code.
Must I be registered in Denmark?	That is not required. Both Danish and foreign companies can trade at Nord Pool Gas.
Is it possible to trade cross border capacity?	It certainly is. Please be aware that it is your own responsibility to buy capacity from the relevant Transmission System Operator (TSO).
How many users can be logged in at the same time from our company?	By signing a participant agreement with Nord Pool Gas you will be provided with one access. This access can be shared by several traders, but only one can be logged in at a time. At request we can supply you with more accesses for payment of an extra fee set by our IT provider.
How liable is the price?	The price is set by supply and demand. This means that prices are set by the market, which gives the most reliable quotation.
What do I do in case of a virus in my system?	You must immediately contact Nord Pool Gas who will shut down your connection to the system.
Are my bids binding?	As soon as your bid is on the market and has been matched it is binding. You do have the right to withdraw your bid if it is not matched, however. You can always set certain limits to your bid: Good till cancelled: Meaning that your bid is on the market: Until you withdraw it, until it is matched, or until the product closes. Good till day: Meaning that your bid is on the market for the rest of the day or until you withdraw it. Good till date: Here it is possible to limit your bid by seconds, minutes or hours.
Where is the natural gas delivered?	All natural gas traded at Nord Pool Gas is delivered at the virtual delivery point called Nord Pool Transfer Facility (NPTF).
Is it possible to sign up for market information?	All Nord Pool Gas customers will receive relevant market information simultaneously with the public. All news can also be found at our webpage www.npgas.com
Is there interruption in the system?	At Nord Pool Gas you trade a base load delivery regardless any other circumstances. To prevent interruption you must sign an agreement with Energinet.dk
Are there any special requirements to my IT system?	For further information please visit our webpage www.npgas.com under the heading “Trading at NPG”.
Does it have any influence whether I have got Vista or XP?	No it should not have any influence.
Is it possible to draw statistics on my trades?	You can at any time draw statistics on your trades. This is done via our trading system.
Are there limits to how much I can sell or purchase?	As long as your bank guarantee secures your net purchase there is only one limit. We have limited the trading volume at 200MWh.
How do I trade on holidays and during weekends?	All day-ahead products are tradable three days ahead. This means that you can start trading for weekends on Thursdays. We will open up for trading on holidays of longer duration a few days ahead of delivery.
What does it cost to trade at Nord Pool Gas?	For more information please visit our webpage www.npgas.com under the heading “Trading fees”.
What kind of security do you demand?	To become a participant you must provide a bank guarantee of minimum EUR 12,500. The collateral requirement is equal to your net purchase over the preceding 7 days, including VAT, but excluding trading fees. The collateral requirement is including the minimum collateral, not on top of the minimum collateral.
Are there any bottlenecks?	There are no internal bottlenecks in the Nord Pool Transfer Facility.
Is there a maximum spread between bid/ask?	There are no limits to the spread between the best bid and ask. Nevertheless the trading system will notify you when you are quoting a bid with a spread higher than 25%.
What does closing price mean?	Click here for definition of closing price.
What are the benefits derived from trading at Nord Pool Gas?	Business opportunities Anonymity An extra balancing tool Low transaction costs Nord Pool Gas is the counterpart in all trades

	Kunderelevante spørsmål:
Hvilke oplysninger skal i have før end jeg kan handle?	Se emnet “how to become a participant”.
Kan jeg handle uden en shipper-code?	Nej det kan du ikke. Du skal hos ENDK skal oprettes som transportkunde, som også tildeler dig en shipper-code.
Skal jeg være registreret i Danmark?	Dette er ikke et krav. Såvel danske som udenlandske selskaber kan handle på Nord Pool Gas.
Kan jeg handle grænsekapacitet?	Ja det kan du. Du skal dog selv sørge for at købe kapacitet hos den relevante TSO.
Hvor mange brugere kan vi være på tradingsystemet?	Ved kontraktindgåelse med Nord Pool Gas tildeles selskabet én adgang til systemet. Det er muligt at dele denne licens flere tradere i mellem. Der kan dog kun være en trader logget på ad gangen. Der kan efter ønske oprettes flere adgange mod et gebyr fastsat af vores it leverandør.
Hvor troværdige er priserne?	Priserne sættes af udbud/efterspørgsel. Derfor sættes priserne af markedet, dermed opnås den mest valide prisdannelse.
Hvordan er jeg stillet i tilfælde af virus? Kan jeg få annulleret mine Bid og Ask?	Du skal straks efter problemet opdages kontakte Nord Pool Gas, som derpå vil lukke for din adgang til systemet.
Er mine Bid/Ask bindende? I så fald i hvor lang en periode?	Så snart dit Bid er tilgængeligt for markedet er det bindende ved matching. Du har dog altid mulighed for at fjerne dine Bids såfremt de ikke er blevet matchet. Du kan begrænse dit Bid ved at sætte en tidsbegrænsning på. Her har du tre valgmuligheder: Good till cancelled: Dette betyder i praksis at dit Bid er tilgængeligt indtil du trækker det tilbage eller produktet lukker. Good till day: Dette betyder at dit Bid er tilgængeligt for markedet hele dagen eller indtil du fjerner det. Good till date: Her kan du tidsbegrænse dit Bid helt ned på sekunder, minuttet og timer.
Hvor bliver gassen leveret?	Al naturgas handlet på Nord Pool Gas bliver leveret i det virtuelle punkt kaldet Nord Pool Tranfer Facility (NPTF).
Kan jeg tilmeldes nogen form for markedsinformation?	Alle tilmeldte kunder hos Nord Pool Gas vil modtage relevant materiale samtidig med den øvrige offentlighed. Alle meddelelser kan dog også findes på www.npgas.com
Er der afbrydelighed?	Hos Nord Pool Gas handles en base-load levering. Dette uanset øvrige forhold. Hos ENDK tegnes der en separat aftale vedr. afbrydelig kapacitet.
Hvad kræves der af mit IT-udstyr?	Der henvises til www.npgas.com og punktet ”trading at NPG”.
Har det nogen betydning om jeg har Vista eller XP?	Nej det burde ikke have nogen betydning.
Kan jeg få statistikker på mine handler?	Du kan til enhver tid trække oplysninger på alle handler du har været involveret i. Dette gøres via vores trading system.
Er der begrænsninger på hvor meget jeg kan sælge/købe?	Så længe din sikkerhedsstillelese dækker dine net køb er der kun en begrænsning. Det maksimale volumen pr. ordre er 200MWh.
Hvordan handles der på helligdage/weekender?	Alle dagsprodukter kan handles tre dage frem. Derfor kan du allerede om torsdagen handle for weekenden. Ved længerevarende helligdagsperioder vil der blive åbnet op for handel, således der kan handles for hele perioden.
Hvad koster det at handle på børsen?	Se www.npgas.com under punktet ”trading fees”.
Hvilken sikkerhed skal jeg stille?	Som minimum skal der stilles en bankgaranti på EUR 12.500. De sidste syv dages net køb skal altid kunne dækkes af den bankgaranti du stiller overfor Nord Pool Gas.
Er der begrænsninger på kapaciteten? – Her tænkes specielt på eventuelle flaskehalse.	Der er ikke interne flaskehalse i NPTF.
Er der et maks. spænd mellem det bedste Bid/Ask?	Det er der i princippet ikke, men trading systemet vil komme med en meddelelse så snart der er et spread på mere end 25% i forhold til bedste Bid/Ask
Hvad er closing price?	Closing price betyder lukkepris. Dvs. dagens slutpris for for de enkelte produkter.
Hvad får vi ud af at handle over børsen?	Forretningsmuligheder Anonymitet Et ekstra balanceringsværktøj Lave transkaktionsomkostninger Børsen er modpart i alle handler

FAQ

General Questions

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