1. 1 InstantSpot, a PanEuropean Model for Power Price and Flow From Mkonline.com BE CZ SK HU RO RS SI RO MK BU GR TR BA HR MK AL Implicit Exchange & Price Explicit Exchange & Price Not included in IS. Yet AL SE4 SE3 SE2 SE1 NO4 NO3 NO5 NO2 NO1 D1 D2 PL CNOR NORD CSUD SUD SICI SARD InstantSpot MKonline 38 Individual price areas Price and flow simultaneously Updates each 15 min, 24x7 Aim, continuous update, 10 sec intervals. Price and Flow forecasts Net Transfer Capacity Forecast Ensemble forecasts too PostFix update Commnets 3 times a day Free BETA avaialbel for BLT, TR, and parts of SEE Exegenous exhange Info: Hugo@MKonline.com, +47 9187 7970Hugo@MKonline.com

2. PostFix Update. Info arriving 12-15 is included -Prep for DA+1 -Info on Intraday -Info for Balance Cet par effect on price from new info arriving between 5 and 6 EC12 Det and Ens simulated with info arriving between 5-6. InstantSpot, Updates During Work Hours Pan European Price Formation, Montel conference 17.April 132 05 06 EC12 Det and Ens simulated with overnight updated info. 07 6:41-8:00 8:40-9:55 08 09 10 11 12 13 14 Spot comments are issued Las update before Fix Actuals 15 16 17 Spot arrives. Actual price updated and a comments are issued EC00 Det arrives. Continuous update EC00 Ens arrives. Continuous update After EC00 Det update. Includes info 6:41-8:00 After EC00 Ens update. Includes info 8:40-10:00 EC00 Det Price calc. EC00 Ens Cet par effect on price from 12 and 15. PostFix And on MKonline feed you the instant price development and e.g. translates MWh changes into Euro/MWh for : -Price area, -When should you expect change -Why does it change

3. Evidence from the modelling: A Lesson Learned: 3 Started to include power flow and control the capacity assumptions. This reduced the model error dramatically