SUBSCRIBER NOTE: Platts proposes to publish European electricity midpoint assessments

Platts proposes to publish from October 1, 2015, a single value for each of its European electricity assessments in European Power Daily, European Power Alert and Platts Market Data. The value would reflect the midpoint of the current high-low assessment range.

Platts already publishes midpoint values in GBP/MWh and Eur/MWh for UK power in European Power Daily. Platts assesses the Polish and Turkish electricity markets on a midpoint only basis with assessments published and databased in Zloty/MWh and Lira/MWh, respectively, and converted to Eur/MWh.

Platts seeks to publish the most relevant price data. Accordingly, Platts proposes to publish price assessments in its European Power Daily newsletter and European Power Alert real-time services that reflect the midpoint values only, effective October 1, 2015, and to no longer display the high and low range.

Under this proposal, Platts would continue to publish a high-low range around its midpoint assessments for European power symbols in Market Data categories EE and PE. Ranges for all contracts would be standardized as follows:

- Primary assessments in Eur/MWh: +/- 25 euro cent. - Primary assessments in GBP/MWh: +/- 15 pence.

Please note that there are no high and low ranges for the Polish and Turkish electricity assessments.

In addition, Platts proposes to database and publish all European electricity assessments to three decimal places, also from October 1, 2015, in European Power Alert and Platts Market Data.

Platts invites feedback, comments and questions by July 31, 2015, to power@platts.com with copy to pricegroup@platts.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.