To engage in electricity trading on Elma's market, a participant must meet the following criteria:

Authorizations and Qualifications

• Possess the necessary authorizations and qualifications to conduct electricity trading.
• Fulfill requirements regarding representation and guarantees as stipulated in Elma’s general trading terms.
• Provide sufficient collateral for trading activities.

Electricity Sales License and Balancing Responsibility

• Hold a valid license from the National Energy Authority (Orkustofnun) to conduct electricity trading.
• Enter into an agreement with Landsnet regarding balancing responsibility.

If a market participant believes they meet the aforementioned requirements, they can apply for market membership by submitting an application form to [email protected].

The application should include general information about the company and must also:

• Appoint contact persons for communication with Elma, as well as brokers authorized to execute trades.
• Ensure that the designated individuals possess sufficient experience and expertise in electricity trading.

Applications are assessed based on qualification criteria. Elma commits to upholding principles of equal treatment but reserves the right to impose special conditions if necessary.

• Once the qualification criteria are met, the application for membership in Elma’s day-ahead market will be approved.

• After signing the membership agreement, the market participant will receive access to Elma’s electronic trading and settlement system.
• To participate in trading, the participant must provide the required collateral or prepayment for transactions.