N2EX announces spot market volume test 21 December 2011

Lysaker, Norway - 17 November 2011

There will be a spot market volume test on Wednesday 21 December between 10 a.m. and 12 p.m. All N2EX members have the opportunity to provide volume on the N2EX spot market to stress test their systems in a live environment during this time.

On 10 November 2011, the N2EX Market Council agreed to do a volume and stress test on the N2EX intraday market in preparation for an industry shift of volume on to the N2EX platform in Q2 2012. The Market Council consists of representatives from Total Gas & Power, International Power, EDF Energy, EDF Trading, Statoil, RWE, E.ON, Centrica, Scottish Power, SSE and Merrill Lynch.

“This is a major step for both N2EX and our members as we look to centralize trading on to one robust platform”, says Hans Randen, Director European Integration at Nord Pool Spot.

“The significant growth in volumes on the N2EX day-ahead auction the past weeks has led to an increase in trading on the intraday market from some of our members. This gives us a clear signal that the industry is now looking to transact on one platform going forward”, Randen rounds off.

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