Weak NOK and SEK prompt Nord Pool to tighten bid caps

As of Monday, a new bid limit will be set on the day-ahead market for transactions made in SEK and NOK. Energy market Nord Pool implements this in reaction to monetary devaluations, particularly for Norway's currency, brought about by the coronavirus and oil price war.

Weakened Scandinavian currencies mean that Nord Pool is now raising the sum limits for bids in NOK and SEK. | Photo: PR / Nord Pool

Weaker Swedish and, especially, Norwegian currencies have prompted energy market Nord Pool to implement new limits for maximum and minimum bids made in SEK and NOK on the day-ahead market.

Nord Pool's price calculations take place in EUR, while it's also possible to transact in Scandinavian currencies.

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