Start Page > Trading at NPS > Trading fees


Trading fees


Fees as of 1 February 2010

Annual fee

Direct participants Elspot and Elbas* EUR 15 000
Trading and Clearing Representative Elspot and Elbas* EUR 15 000
Clearing customers Elspot and Elbas EUR   2 000
Direct participant Elbas EUR 10 000
View only license Elbas EUR 10 000
Additional area/portfolio*** EUR  1 250

Introductory offer - Annual fee ESTLINK area

Direct participants Elspot, year 2010 EUR 5 000
Direct participants Elspot, year 2011 EUR 7 500
Clearing customers Elspot EUR 2 000

The annual fees for the Estlink area are intermediate. Once Elbas has been established in Estonia, this area will be subject to the same annual fee structure as the remaining Nord Pool Spot areas.

Variable trading fee

Elspot (including ESTLINK) EUR/MWh 0.03
Elspot - small direct participants** EUR/MWh 0.13
Elbas EUR/MWh 0.08

Gross bidding in Elspot

(Available for Elspot direct participants)

Gross volume fee**** EUR/MWh 0.0025
Net volume fee EUR/MWh 0.03
Gross bidding will include one (1) portfolio free of charge for the purpose of gross bidding

Ancillary Services

Annual fee for electronic transmission of Elbas data EUR    800
Annual fee netposition report Elbas EUR   1000
Additional Elspot/Elbas trading token (non-recurring)***** EUR    100

Special terms

* One annual fee covers both Elspot and Elbas
** Direct participants at Elspot can waive the annual fee and pay a higher variable fee of EUR/MWh 0.13. There is a EUR/year 3 000 floor for the sum of volume fees in a calendar year. Volume fee of EUR/MWh 0.13 is invoiced through the year and the floor verified at the end of the year.

Direct participants changing from small direct participant  to direct participant during the year will be charged a pro rata share of the fixed annual fee of EUR 15 000.

*** Companies bidding in more than one area. In this context, Norway or Denmark is considered as one Elspot area. The fee also applies to every additional internal portfolio in Elspot within an area under a direct participant or clearing customer.

**** Gross volume fee for gross bidding. There is a EUR 75 000 ceiling per calendar year for the gross volume fee.

Compensation for loss of interest in gross bidding is NOK 1.95%, EUR 0.02%, SEK 0.05% and DKK 0.05%.

***** Non-recurring cost per token. First 2 are included in the annual fixed fee.