UMM

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Contractual basis for UMMs

1. Disclosure of UMM Information and Power System Fundamentals made by TSOs

There is a Data Publication Agreement between Nord Pool Spot AS and TSOs within Nordel concerning continuous disclosure by TSOs and subsequent publication by NPS of primarily “price sensitive information” as further detailed in the Agreement.

In general terms though it primarily covers UMM reporting of planned outages, unplanned outages (failures) and special information linked to, primarily, the main transmission grid as well as continuous reporting of hourly power system data such as for example overall production, consumption, cross-border flows and Regulating Power Market data.

The recently updated (summer 2007) and valid Agreement can be found here.

2. Disclosure of UMM Information made by market participants

Participants in Nord Pool Spot’s Physical Markets as well as participants in Nord Pool ASA’s financial market are obliged to via the UMM system disclose “price sensitive information” regarding, primarily, production and consumption facilities as further explained in the respective Rulebooks for trading.

In NPS’ Rulebook for the Physical Markets the rules for UMM disclosure are described in Enclosure 1 of Appendix 6, i.e. Market Conduct Rules. The NPS Rulebook is found here.

Disclosure Guidelines for Urgent Market Messages

TSO Guidelines for producing Urgent Market Messages