24 Feb 2014 | 04:05 UTC — London

SUBSCRIBER NOTE: Platts to refocus UK annual power assessments

Following market consultation period Platts has decided to refocus its UK annual power assessments to reflect changing trading patterns in the electricity market as forward delivery periods migrate to the Gregorian calendar. Effective March 31, 2014, Platts will launch daily baseload and peakload assessments of year-ahead calendar power for delivery January 1-December 31, assessed as a midpoint only. Platts will also discontinue its April annual baseload and peakload assessments -- which cover the forward period from April to March -- when the April 2014 annual contract expires on March 28, 2014. Please send comments and questions to power@platts.com with a copy to pricegroup@platts.com