However, the occasion will also be used to introduce some other changes. First and foremost among these is price setting in cases of imbalances, where the current transitional system will be replaced by price setting according to the principles currently in use by Eltra. Especially capacity in the direction from Sweden to Zealand has been of concern. The first forecast will be published Monday, September 18. Subscriptions entitle subscribers to use a proportionate share of the trading capacity in question.
All bids are binding.
They may be used only for transmission of deliveries agreed to under these old agreements. A third agreement, for transmission from Zealand to Bornholm, will expire at year-end 2000. Hourly contracts may be used during a transition period for bilateral trade with Swedish participants. It is expected that eastern Denmark participants will be able to begin trade at Elbas during 2001. It is anticipated that only hourly contracts may be used for Elbas trading from this time.