Dear Sirs,
The Polish Power Exchange informs that – in connection with implementation of the Market Coupling process on the direct current connection with Sweden (SwePol Link) from the day of December the 15th 2010, the following documents shall be amended:
1. The Day Ahead Market Detailed Rules of Electricity Trading and Settlement;
The amendment scope:
- The quotation schedule has been changed. The session duration has been prolonged, end of acceptance of orders for the second fixing has been moved, from 10:30 a.m. to 11:30 a.m.
- The algorithm for fixing determination has been changed; in this connection new entries describing the new rules have been introduced. The new algorithm shall be in force for all fixings organized on the DAM market.
- New entries concerning the Market Coupling process have been introduced – the Exchange Trade Balancing Volume (that shall present the cable flow), a method for determining of the Clearing Price taking process of currency change-over of the aggregated curves( from PLN into EUR and from EUR into PLN again) into consideration.
- The contract standard has been changed – there shall be allowed to place orders with the volume accuracy up to 0,1 MWh
2. The Intraday Market Detailed Rules of Electricity Trading and Settlement.
- The amendment scope:
- The quotation schedule has been changed. The quotation hours for individual instruments have been prolonged because of the amendments made in Instructions on the Operation and Use of the Transmission Grid. Fixings shall not be executed on the IDM market, the quotations shall be executed in the continuous trading system.
- The contract standard has been changed – there shall be allowed to place orders with the volume accuracy up to 0,1 MWh
- The changes shall come into force on the day of December the 15th 2010
