As of 25 August 2021, 16:00 CET, the trading limit systems M7 and ETS will use an updated price independent delivery risk parameter for the EPEX UK spot market.
The new parameters applicable will be:
| Parameter | Current | New |
| Price Independent Risk Parameter in GBP | 122 | 129 |
All other trading limit configurations remain unchanged.
Adjustment of Limits
The Delivery Risk Parameter is used as add-on applicable for sell orders and - trades to calculate the limit utilization during the limit period in both trading systems ETS and M7 for the clearing product groups EPEX_ST_POWER_ELEX, EPEX_IT%_POWER_ELEX for auction- and EPEX_IT_POWER_ELEX for continuous trading. The more conservative parameter leads to a higher utilization of the limit by constant trading quantity not considering any price changes. Details of the limit function and the maintenance process can be found in the Risk Management Service Manual on the ECC website.
Clearing Members and DCPs are asked to check whether defined trading limits and deposited collaterals for relevant auctions (EPEX_AUCTION_GBP) and continuous trading (EPEX_CONTINUOUS_GBP) are set sufficiently to cover a possible increase in limit utilization.
Contact
European Commodity Clearing AG
Clearing & Settlement
Phone: +49 341 24680-444
E-mail: clearing@ecc.de