Wednesday October 3 2018
News Source: Global Disclosures
Focus: Position Limits (including MIFID II)
The German and Austrian energy regulators have split the single German-Austrian bidding zone for electricity into two national bidding zones as from 1 October 2018.
Prior to this, the reference price for the “German Power Base Load” and “German Power Only Basic Load” contracts, which are listed on Nasdaq Oslo ASA, has been the German-Austrian electricity price, and the two contracts have had the same position limits. After the split the contracts will not have the same reference price, and separate position limits will be set for each contract.
To account for this, Finanstilsynet issued regulations amending the regulations of 20 December 2017 on position limits for commodity derivatives. The amended regulations enter into force on 1 October 2018.
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