The central, collective presentation of consumption, production, and physical contracts for all companies that trade electric power in the wholesale market. The difference between the contracts and actual production and consumption is known as Regulating Power in Norway and Balance Power in Sweden and Finland. Power contract entered into between two contractual parties directly. In Nord Pool's clearing function, the Nordic Power Exchange enters into all trades conducted at the Power Exchange and bilateral trade registered for clearing. During the delivery period, the accumulated forward settlement is realized in equal-sized proportions each day.
Futures contracts consist of weeks, blocks, and seasons.
The proper name for Nord Pool's futures market. Its products are financial power contracts with a trading horizon of up to three years. Individual or legal entity who has entered into an agreement with Nord Pool, and is entitled to trade and clear at the Nordic Power Exchange. Agreement between a Participant and Nord Pool that entitles the Participant to trade and clear through the Nordic Power Exchange. A marketplace for organized trade in electric power contracts and derivatives.