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01/2002
Starting from January 1st, 2006 the Nordic system price will in addition to Sweden, Finland and Norway also fully include Denmark West (DK1) and Denmark East (DK2). With this timetable, the change will not affect financial contracts currently traded and/or cleared via Nord Pool.
The Nordic system price is the reference price for Nord Pool's financial market. In the present definition, Norway, Sweden and Finland is seen as one spot area with unconstrained capacity limits between and within the countries. The Nordic system price is therefore the price cross between total bids and offers in the three countries. Bids/offers in the Danish areas are also included in the calculation up to the capacity limits to or from these areas.
Nord Pool Spot has calculated the Nordic system price according to the coming definition for the period from the start of the year 2000 until July 1st, 2002. The present Nordic system price definition and the coming definition of Nordic system price showed a correlation coefficient >0.998 for these historical data.
Nord Pool will establish and update a file on Nord Pool's ftp-server containing price data according to the coming definition.