SUBSCRIBER NOTE: Platts to replace German, French, Italian, Spanish power price assessments with exchange data

Following industry consultation, S&P Global Platts has decided to replace the German, French, Italian and Spanish power assessments with exchange settlement prices from May 29, 2018 because of the continuing shift in market dynamics toward exchanges in Europe and increased price transparency exchanges provide.

Platts remains committed to providing quality market information, commentary and in-depth analysis in all European power markets, and would continue reporting on the above markets' activity, news, events and policy.

All affected Platts codes and symbols will be discontinued and replaced with exchange settlement price codes. For some price assessments where there are no corresponding exchange data, Platts has decided to discontinue the assessments with no replacement data available.

Associated monthly average symbols in Market Data category EE and dynamic symbols in Market Data category PE will be replaced with exchange data along with associated spark and clean spark spreads derived using settlement prices.

More information regarding settlement prices and corresponding symbols will be provided in due course.

Platts invites comments and queries to power@spglobal.com with copy to pricegroup@spglobal.com.

For written comments, please provide a clear indication if comments are not intended for publication by Platts for public viewing. Platts will consider all comments received and will make comments not marked as confidential available upon request.

PLATTS GERMAN ASSESSMENTS (Eur/MWh) Date Base Peak Day ahead AACTG00 AACTK00 Weekend AADZR00 Week ahead AACTI00 AACTM00 Month ahead AACRY00 AACSB00 Month ahead + 1 AACYE00 AACYG00 Month ahead + 2 AACYI00 AACYL00 Month ahead + 3 AAFPD00 AAFPI00

Quarter ahead AACYN00 AACYP00 Quarter ahead + 1 AACYS00 AACYV00 Quarter ahead + 2 AAGBK00 AAGBM00 Quarter ahead + 3 AAGBU00 AAGBP00

Year ahead AACYX00 AACYZ00 Year ahead + 1 AAFPB00 AAFPG00 Year ahead + 2 AAFPC00 AAFPH00

PLATTS FRENCH ASSESSMENTS (Eur/MWh) Base Peak Day ahead AAHNO00 AACXG00 Weekend PFWE042 Week ahead AAHNP00 AACXZ00 Month ahead AAHNQ00 AACYC00 Quarter ahead AAHNS00 AACYJ00 Quarter ahead + 1 AAHNT00 AACYR00 Year ahead AAHNU00 AACYU00

PLATTS SPANISH ASSESSMENTS (Eur/MWh) Date Base Month ahead AADIY00 Quarter ahead AADJG00 Quarter-ahead+1 AADJL00 Year ahead AAHQY00

PLATTS ITALIAN ASSESSMENTS (Eur/MWh) Date Base Month ahead IPBTM10 Quarter ahead IPBTQ01 Quarter ahead + 1 IPBTQ02 Year ahead IPBTY01