Platts to amend UK day-ahead power assessments timing from Jan. 4

Following announced changes in key UK power exchange timings, S&P Global Platts will amend the timestamp of its UK day-ahead baseload and peakload assessments to 9:20 am London time, effective Jan. 4, 2021.

UK exchanges EPEX and N2EX have said they will amend their gate closure times from 11 am London time to 9:20 am and 9:40 am, respectively.

As a result of those changes, Platts believes the bulk of market activity in the day-ahead power contracts will occur ahead of 9:20 am.

Therefore, Platts is amending the timestamp of its own assessments from 11 am to 9:20 am for its Platts UK OTC DA assessments.

In the event of no confirmed peakload UK day-ahead trades before the 9:20 am London time market close, Platts will assess the implied value of the day-ahead peakload contract using OTC prices for Block 3+4 (7 am to 3 pm) and Block 5 (3 pm to 7 pm).

Please send any questions or feedback to power@spglobal.com and pricegroup@spglobal.com.

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Platts will consider all comments received and will make comments not marked as confidential available upon request.