SUBSCRIBER NOTE: Platts updates qualifying lot size for UK power

In view of changing trading patterns in the UK power market, expectations of increased cross-border trade as the forward curve continues to migrate to the Gregorian calendar, and an evolving regulatory framework that aims to facilitate market access for smaller counterparties, Platts has amended the specifications for its UK forward power assessments to take into account smaller lot sizes. Effective May 15, 2014, Platts' qualifying lot size for UK forward assessments is 5 MW-20 MW. Qualifying lot sizes for prompt trading remain unchanged at 50-100 MW. Platts invites comments and questions to power@platts.com with feedback to pricegroup@platts.com