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The Daily Closing Price is set 15.30 CET by using the tradable spread at the SKM market.
A Trading Lot setting the closing price should be at least 5 000 certificates for Elcerts and 25 000 certificates for GOs. 1 certificate = 1 MWh.
If Last Trade is between Closing Spread (Bid-Ask at 15.30 CET) = Last Trade is Closing Price.
If Last Trade is higher or lower than Closing Spread = Closing Price is the Bid- or Ask price closest to Last Trade.
If no trade is executed and Closing Spread is as or close to previous Trading Day=previous Close will be used.
If no trade is executed and Closing Spread is higher or lower than previous Close, Closing Price is the Bid- or Ask price closest to Last Trade.
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