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Nord Pool Spot Market.pdf
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目录：
Introduction................................................................................................................. 5
1. The Nordic Spot Market - Nord Pool Spot AS .......................................................... 6
2. Basic Requirements for Establishment of a Spot Power Exchange.......................... 8
3. Interface Between the Nordic Power Exchange and TSOs .................................... 10
3.1. Activities at the Interface between the Power Market and Transmission System Operations ............................ 11
3.2. Power Procurement Costs..................................................................................................................... 12
3.3. Access to Grid Capacity on a Non-discriminatory Basis.............................................................................. 12
3.4. Definition of Delivery of Elspot Contracts ................................................................................................ 13
4. Elspot – The Nordic Spot Market........................................................................... 14
4.1. Elspot Market Products ........................................................................................................................ 15
4.2. Placing Bids in the Elspot Market ........................................................................................................... 18
4.3. Determination of System Price.............................................................................................................. 18
4.4. Determination of Area Prices ................................................................................................................ 19
4.5. Market Activity Timeline....................................................................................................................... 21
5. Elbas – The Balancing Market............................................................................... 22
5.1. Background to the Elbas Market ............................................................................................................ 22
5.2. Product Characteristics ........................................................................................................................ 23
5.3. Controlling the cross border capacity ..................................................................................................... 24
6. Settlement and Clearing of Spot Trades on The Elspot and Elbas Markets ............ 25
6.1. Settlement Routines........................................................................................................................... 25
6.2. Security Requirements........................................................................................................................ 27
6.3. Trade in Different Currencies ................................................................................................................ 28
6.4. Legal Framework for the Physical Market ................................................................................................ 28
7. The Real Time Market........................................................................................... 30
7.1. Pricing of Participants’ Imbalances......................................................................................................... 32
8. Participants at the Spot Market and Real-Time Markets ....................................... 33
9. Traded Volumes and Prices .................................................................................. 34
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