Electricity exchanges Nord Pool Spot (NPS) and Polish Power Exchange (POLPX) has informed the Swe-Pol cable stakeholder group that the technical changes to their systems should be completed by the 15th November 2010.

The proposed implicit auction model will need in addition changes in regulations and approval from Norwegian and Polish regulatory authorities before final implementation.

If regulatory changes are approved and a new contract structure between stakeholders ready and signed, optimization of the cable can be part of implicit auction daily calculation, and open for all POLPX  and NPS customers by the second half of November 2010.

Nord Pool Spot (NPS) runs the largest electrical energy market in the world, offering both day-ahead and intraday markets to its participants. 330 companies from 20 countries trade on the exchange. The Nord Pool Spot group has offices in Oslo, Helsinki, Stockholm, Fredericia (Denmark) and London. Nord Pool Spot is owned by the Nordic transmission system operators. In 2009 the group had a turnover of 287 TWh representing a value of EUR 10.8 billion.

Polish Power Exchange (POLPX) was established in 1999. POLPX is an established SPOT electricity (D-AM and Intraday), energy derivative, property rights and emission allowances exchange in Poland. POLPX also runs the Certificate of Origin Register for electricity produced in RES and cogeneration.

For further information, please contact Polish Power Exchange:
Zbigniew Orkisz, director development,
phone: 22 341 99 19, mobile: 694 482 300, e-mail: Zbigniew.Orkisz@tge.pl