N2EX announces move of auction gate closure to 11:
Post# of 301275
The target go-live date for NWE market coupling has been announced as 26th November 2013.
Consequently N2EX auction gate closure will be moved from the current 09:30 to 11:00 (UK local time) effective from the auction of Tuesday 19th November for delivery the following day.
The change in gate closure is required in order to align N2EX with the other European auctions involved in NWE.
N2EX will continue to publish auction results 10 minutes after auction gate closure until the go-live of NWE. Thereafter the auction process and results publication will be in line with NWE guidelines (see attached N2EX member information for further details).
Please Note: The change to N2EX gate closure is contingent upon the scheduled go-live date for NWE. In the event of unexpected delays to NWE, N2EX may decide to postpone the shift in gate closure to a later date. In these circumstances N2EX will advise members.
Will N2EX systems be impacted?
The N2EX trading, clearing & API platforms will not be affected by this change.
N2EX will hold an NWE introduction seminar in October to go through the impacts of NWE market coupling on the N2EX market; further details to follow.
If you have any questions or wish to discuss this in greater detail please let us know.
N2EX Trading Operations, phone +44 207 065 8140 / +47 6710 9190
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