SUBSCRIBER NOTE: Platts to launch German dark, clean dark spreads with 45% efficiency

Following industry consultation, Platts will launch German dark and clean dark spreads with a fuel efficiency factor (coal) of 45% from November 2, 2015.

The new German dark and clean dark spreads will be published in Market Data category CI, on Global Coal Alert pages 900 and 902 and European Power Alert pages 220 and 222, as well as Coal Trader International and European Power Daily.

The symbol codes for German dark and clean dark spreads are as follows:

German Dark Spread (45% efficiency) CDGUM00 - Month-ahead Eur/MWh CDGYM00 - Month-ahead $/MWh CDGUM27 - Month-ahead+1 Eur/MWh CDGYM27 - Month-ahead+1 $/MWh CDGUQ00 - Quarter-ahead Eur/MWh CDGYQ00 - Quarter-ahead $/MWh CDGUQ27 - Quarter-ahead+1 Eur/MWh CDGYQ27 - Quarter-ahead+1 $/MWh CDGUY00 - Year-ahead Eur/MWh CDGYY00 - Year -ahead $/MWh CDGUY27 - Year -ahead+1 Eur/MWh CDGYY27 - Year -ahead+1 $/MWh CDGUY28 - Year -ahead+2 Eur/MWh CDGUX28 - Year-ahead+2 $/MWh

German Clean Dark Spread (45% efficiency) CCGUM00 - Month-ahead Eur/MWh CCGYM00 - Month-ahead $/MWh CCGUM27 - Month-ahead+1 Eur/MWh CCGYM27 - Month-ahead+1 $/MWh CCGUQ00 - Quarter-ahead Eur/MWh CCGYQ00 - Quarter-ahead $/MWh CCGUQ27 - Quarter-ahead+1 Eur/MWh CCGYQ27 - Quarter-ahead+1 $/MWh CCGUY00 - Year-ahead Eur/MWh CCGYY00 - Year -ahead $/MWh CCGUY27 - Year -ahead+1 Eur/MWh CCGYY27 - Year -ahead+1 $/MWh CCGUY28 - Year -ahead+2 Eur/MWh CCGUX28 - Year-ahead+2 $/MWh

Platts will continue to publish German dark and clean dark spreads with a fuel efficiency factor of 35%.

Platts continues to invite comments and questions to power@platts.com with copy to pricegroup@platts.com and petra.witowski@platts.com.