SUBSCRIBER NOTE: Platts to launch CIF NWE Industrial Wood Pellet assessment

Effective Friday, August 15, 2014, Platts will launch a weekly spot market price assessment for industrial wood pellets delivered to Northwest Europe with a net calorific value of 17 GJ/metric ton. The new assessment will be published in Coal Trader International, European Power Daily and Power in Europe. Platts intends to reflect the value of typical shipments of pellets delivered CIF northwest Europe published weekly. Prices will be assessed on a market on close basis at 5pm London every Friday or, in the event of a public holiday, the nearest preceding business day. Industrial I2 wood pellets with the following specifications will be included in the assessment process: -a standard calorific value of 17 GJ/mt on a net-as-received basis with typical sulfur content of 0.1% as received and typical ash of 1% as received from any origin. The assessment will reflect the price in $/metric ton of wood pellets for delivery 7-45 days forward from the date of publication and will roll forward each week. The new symbol is: IWPNW00 - Industrial wood pellets CIF NW Europe 17 GJ/metric ton Effective Friday, August 15, 2014, Platts will also publish weekly UK wood pellet spreads, which are indicative prices giving the average difference between the cost of wood pellets and the equivalent price of UK electricity on any given day at fuel efficiencies of 30%, 35% and 40%. The pellet spreads are based on CIF Northwest Europe 45-day wood pellet assessments, the equivalent prompt UK power assessment, and the UK Levy Exemption Certificate (LEC) and Renewable Obligation Certificate (ROC) subsidy bandings for biomass power generation. Please send any feedback to coal@platts.com with a cc 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.