In order to address customer interest for hedging both the Nordic System Price (System) and the Area Price in the Nordic Electricity market, Nasdaq Commodities has decided to introduce a fee holiday for the Electricity Price Area Differential (EPAD) contract executed directly in a one- sided combination (System and EPAD) transaction in the Electronic Trading System (ETS). Subject to testing the fee holiday will be effective from October 1, 2020 until September 30, 2021.

A one-sided combination allows you to register an outright bid or offer interest in a specific Area Price in ETS, by combining the System contract and the EPAD contract.

a)         Buy System + buy EPAD = outright Area Price bid

b)         Sell System + sell EPAD = outright Area Price offer

Participants who wish to trade a one- sided combo reflecting the same delivery period (e g SCSTOFUTYR-21 = ENOFUTBLYR-21 + SYSTOFUTBLYR-21) in ETS will automatically receive a free trading and clearing fee for the EPAD (SYSTOFUTBLYR-21) contract. Full trading and clearing fee will apply to the System (ENOFUTBLYR-21) contract.

No other form of combination orders or baits in ETS or for Block, RFQ, MTS and EFS/EFP Trade registration are to be affected and will keep the existing fee structure.

The following standard one-sided combinations will be available for trading and clearing in ETS.

Swedish areas:                       5 Months, 4 Quarters and 4 Years

Finnish area:                           5 Months, 4 Quarters and 4 Years

Danish areas:                          3 Months, 3 Quarters and 3 Years

Norwegian areas:                   3 Months, 3 Quarters and 3 Years

Baltic areas:                            3 Months, 3 Quarters and 3 Years (Riga 2 Years)                           

In Genium INET Trading Workstation, you will find the one- sided combinations under the following lists:

•           SWEDISH-AREA

•           FINNISH-AREA

•           DANISH-AREA

•           NORWAY-AREA

•           BALTIC- AREA

If you are using a different front end, please reach out to your vendor for further assistance.

For further information, please contact Nasdaq Commodities:

Market Place Services, phone +47 67 52 80 37, desken@nasdaq.com

Media contact:

David Augustsson, Head of Communications, Nasdaq Commodities Europe, phone +46 734496135 david.augustsson@nasdaq.com

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