Dear Trading Participant,
The European Energy Exchange AG (EEX AG) as a benchmark administrator pursuant to article 34 of Regulation (EU) No. 2016/2011 (“EU Benchmark Regulation”) intends to further specify the benchmark methodology of the following provided Nordic Power Benchmarks, effective as of 1 May 2024.
More specifically, the relevant market area shall be determined by reference to a specific delivery point. The Nordic Power Benchmarks will thus be based on the day-ahead auction prices of EPEX SPOT SE for the market area that encompasses this specific delivery point. The general calculation methodology and classification of EEX’s Nordic Power Benchmarks shall remain unchanged. In detail, the following specifications shall apply:
| Power Benchmark | Day-ahead auction of EPEX SPOT SE for the market area encompassing: |
| Denmark DK1 | Århus (i.e. electricity area including “Trige 400 kV, Denmark West”). |
| Denmark DK2 | Copenhagen (i.e. electricity area including “Hovegård 400 kV, Denmark East”). |
| Finland | Helsinki (i.e. electricity area including “Hyvinkää 400 kV, Finland”). |
| Norway NO1 | Oslo (i.e. electricity area including “Smestad 300 kV, Norway”). |
| Norway NO2 | Kristiansand (i.e. electricity area including “Kristiansand 420 kV, Norway”). |
| Norway NO3 | Trondheim (i.e. electricity area including “Strinda 300 kV, Norway”). |
| Norway NO4 | Tromsø (i.e. electricity area including “Hungeren 132 kV, Norway”). |
| Norway NO5 | Bergen (i.e. electricity area including “Fana 300 kV, Norway”). |
| Sweden SE1 | Luleå (i.e. electricity area including “Svartbyn 400 kV, Sweden”). |
| Sweden SE2 | Sundsvall (i.e. electricity area including “Hjälta 400 kV, Sweden”). |
| Sweden SE3 | Stockholm (i.e. electricity area including “Hagby 400 kV, Sweden”). |
| Sweden SE4 | Malmö (i.e. electricity area including “Sege 400 kV, Sweden”). |
The intended adjustment of the benchmark definition is performed to align with existing market practice in the Nordic Power market. In accordance with the EEX Benchmark Change and Cessation Procedure, EEX AG conducts a consultation for the intended adjustment.
Trading Participants and other relevant stakeholders are invited to provide feedback on the intended adjustment until 19 April 2024 via email to benchmark@eex.com. A summary of the received feedback and EEX AG’s summary response will be published on the EEX website, unless confidentiality is explicitly requested, along with EEX AG’s final decision in this matter.
Please do not hesitate to contact us in case of any questions.
Yours sincerely,
EEX Market Operations
T +49 341 2156-222
trading@eex.com