As of 25 September 2006, Nord Pool Spot extended Elbas to cover our German bidding area KONTEK controlled by Vattenfall Europe Transmission. On 10 January 2007, Elbas was expanded to cover all four TSO zones in Germany. As the first intra day trading system in Europe, Elbas offer intra day trading of power between the German market and the Nordic region.

Product characteristics

The product characteristics are the same in Germany as in the Nordic region. For each and every hour of the day one power hour contract is quoted. At 08:00 CET the hour-contracts for the next day are opened for trade in Germany and at 17:00 CET in Denmark. At 14:00 CET the hour-contracts for the next day are opened in the Elbas market areas Finland, Sweden and Eastern Denmark. Because the capacities available for Elbas trading are published approximately at 14:00 CET, Germany is treated as a separate bidding area between 08:00 CET - approximately 14:00 CET.

A power hour series can be traded for the current day up to 60 minutes before the delivery hour. The trade for a specific hour contract is closed 60 minutes before its delivery in Germany. The delivery is a preannouncement for the counterpart's electricity balance, either in Finland, Germany, Sweden or Denmark. The contract series are identified as: PHhhyymmdd (PH = Power Hour, hh = delivery time, yy = year, mm = month and dd = day). The identification of the series begins with PH (Power Hour). The last contract hour for the day is PH24, which means the delivery from 24h to 01h in Finland or 23h to 24h in Sweden, Germany and Denmark.

Product specification

For more information on how to become a member on the Elbas market and trading fees in Germany, please see the menu to the right for relevant contact persons.