1. Transparency and information management in the Nordic electricity market Nord Pool ASA / Nord Pool Spot AS
July 2006

2. Purpose of transparency
Information purpose:
Ensure that market participants obtain presice information that may impact market pricing of electricity products
Offset the differences of available information between market participants (level playing field)
Enables all market participants to make more qualified business decisions and thus enhances market efficiency and liquidity in the transparent organised markets
Market surveillance purpose:
Supervise that market participants can be confident that the information is correct
Monitor that trading and price formation are conducted according to law and regulations

3. Transparency structure
Information that market participants expect to receive in relevant regional or national market (Market Abuse Directive)
Information that may impact market pricing of electricity products
Transmission
Generation
Consumption
Information has to be relevant to the needs of a given national or regional market (a noticeable impact on prices)
Publication in an uniform, understandable and timely manner
Transparency needs vs. market abuse possibilities

4. Information management
By an independent body in regards to both the information providers and the information users
In the Nordic market all information is reported to Nord Pool for publication on web site (PEX)

5. Information management - summary
Information provider
Information publisher
Generation outages*
Generators
Nord Pool
Consumption outages*
Consumers
Transmission outages*/capacities
TSO’s
Power system statistics – continuous and aggregated
* Planned and unplanned outages

6. Supervision
Information management and market conduct supervised by an independent body (market surveillance at PEX) in regards to the information providers and information users
PEX operations and market surveillance supervised by regulator and other authorities

7. Overview of planned and unplanned outages and a single UMM on Nord Pool’s web site

8. Example of planned outages overview on Nord Pool’s web site