News

IBEX and Nord Pool Sign Five-Year Extension to Strategic Partnership

Mon, 17 Feb 2025 11:17:54 +0100

This milestone marks a decade of close collaboration; Nord Pool having provided to IBEX a broad range of power market expertise and trading platforms.

Since the start of their partnership in 2014, both companies have consistently demonstrated a strong dedication to delivering efficient cross-border power trading for Bulgaria. This has included Nord Pool providing high-quality trading and customer service solutions, leading to the successful implementation and operation by IBEX of day-ahead, intraday continuous and intraday auction markets.

The extension of the agreement with IBEX reaffirms the confidence of both parties in continuing to work together towards effective power trading and operational efficiency, while providing a strong foundation for future progress.

Tom Darell, CEO of Nord Pool, a Euronext company, said: “Reaffirming our commitment to working alongside IBEX is truly a testament to our strong 10-year partnership; delivering the expertise and experience required to ensure modern, simple, efficient and secure cross-border European power trading.

“We are delighted to continue this relationship with IBEX and look forward to achieving even greater success in the years to come.”

Speaking at the agreement’s signing, Konstantin Konstantinov, then CEO of IBEX, added: "Our collaboration with Nord Pool has been instrumental in driving efficiency and innovation in our operations. Over the past decade, we have built a solid foundation of trust and shared success, which we look forward to continuing.”

About Nord Pool

Nord Pool, the European power market, delivers efficient, simple and secure trading across Europe. The company, which is majority owned by Euronext, offers day-ahead and intraday trading, clearing and settlement, and additional services, to customers regardless of size or location. Today 400 businesses from 20 countries trade on Nord Pool’s markets.

Nord Pool operates markets in the Nordic and Baltic regions, Germany, Poland, France, the Netherlands, Belgium, Austria, Luxembourg and the UK. Nord Pool is a Nominated Electricity Market Operator (NEMO) in 16 European countries, while also servicing power markets in Bulgaria, Croatia and Georgia. In 2024 Nord Pool had a total turnover of 1150 TWh traded power. This total does not include 2 TWh traded on the newly established intraday auctions, between 13 June and 31 December 2024.

Nord Pool’s more than three decades of power market experience is built on offering flexibility, transparency, innovation, greater choice and participation to our customers.

For more information, please contact:

Stuart Disbrey
Communications Director
stuart.disbrey@nordpoolgroup.com

Irene Zeier
Communications Director
irene.zeier@nordpoolgroup.com

Oslo, 17 February 2025

Nord Pool reports encouraging growth in 2024

Wed, 22 Jan 2025 11:04:18 +0100

Across the Nordic, Baltic, UK and central and western European markets (Austria, Belgium, France, Germany, Luxembourg, the Netherlands and Poland), day-ahead trading volume achieved 1,036 TWh. Meanwhile, as an indicator of the ‘green shift’ from traditional fossil fuels towards an increased reliance on renewables, intraday trading volume for 2024 was up more than 50% on the previous year, standing at 114 TWh across Europe.

Tom Darell, CEO at Nord Pool, a Euronext business, said: “Continued volume growth in almost all markets during 2024, as well as increased uptake of our data products and expansion of our serviced markets, speaks to the on-going trust and confidence our customers place in Nord Pool. This reminds us that we must continue to deliver the simple, efficient and secure power trading on which those customers rely.

“The strong growth seen in intraday trading reflects our commitment to innovating, investing in and developing the required technological infrastructure to give access to the growing amount of renewable energy seen in that market. With intraday order books across many markets in Europe at last being shared until delivery, our customers tell us that this is the kind of effective and modern trading environment they want and need.”

Camille Beudin, Chairman of the Board at Nord Pool, commented: “Nord Pool’s commitment to delivering robust and dependable power market products and services to answer our customers’ evolving requirements, is unquestionable.

“But, more than that, our commitment to enter the power derivatives market this year sees Nord Pool also amply illustrating its dedication to the future of well-functioning power trading markets.”

The average system price in the Nordics during 2024 was 36.06 EUR/MWh, down more than 35% on the 2023 figure.

*Trading volume quoted for Nord Pool’s markets comprises all buy volume (total volume bought per hour by market participants) plus all sell volume (total volume sold per hour by market participants) within each bidding zone.

About Nord Pool

Nord Pool’s more than three decades of power market experience is built on offering flexibility, transparency, innovation, greater choice and participation to our customers.

For more information, please contact:

Stuart Disbrey
Communications Director
stuart.disbrey@nordpoolgroup.com

Irene Zeier
Communications Director
irene.zeier@nordpoolgroup.com

Oslo, 22 January 2025

SDAC Successful Go-Live for BRM as Romania’s Second NEMO in the European Single Day-Ahead Coupling (SDAC)

Wed, 20 Nov 2024 13:54:32 +0100

The European Single Day-Ahead Coupling (SDAC) confirms the successful integration of BRM’s trading platform into SDAC. As of 19 November 2024, BRM (Romanian Commodities Exchange) has officially commenced operations as the second Nominated Electricity Market Operator (NEMO) in the Romanian Market Area under SDAC.

The integration of BRM’s trading platform into SDAC marks another important milestone towards increasing the efficiency of the single European Electricity Market. Market participants will benefit from an Electricity Market that becomes more liquid and therefore increasingly competitive. More market participants are joining SDAC, allowing for more assets to react to price signals and thereby adding flexibility and reducing price volatility.

About SDAC
SDAC allocates scarce cross-border transmission capacity in the most efficient way by coupling wholesale electricity markets from different regions through a common algorithm, simultaneously taking into account cross-border transmission constraints, thereby maximising social welfare.

The aim of SDAC is to create a single pan European cross zonal day-ahead electricity market. An integrated day-ahead market increases the overall efficiency of trading by promoting effective competition, increasing liquidity, and enabling a more efficient utilisation of generation resources across Europe.

For additional information on SDAC go to:
http://www.nemo-committee.eu/sdac
https://www.entsoe.eu/network_codes/cacm/implementation/sdac/

About BRM
BRM (Romanian Commodities Exchange) is a prominent entity in Romania's energy sector, offering a diverse range of trading solutions that enhance market efficiency and integration within Romania and the broader European context. Serving various market participants—from large-scale utilities to smaller traders—BRM is dedicated to fostering a transparent and resilient trading environment that supports market flexibility and the incorporation of renewable energy sources.

About Nord Pool
Nord Pool, Europe’s leading power market, delivers efficient, simple and secure trading across Europe. In 2023 the company, which is majority owned by Euronext, celebrated 30 years of powering the market. Nord Pool offers day-ahead and intraday trading, clearing and settlement, and additional services, to customers regardless of size or location. Today 370 businesses from 20 countries trade on Nord Pool’s markets.

Nord Pool operates markets in the Nordic and Baltic regions, Germany, Poland, France, The Netherlands, Belgium, Austria, Luxembourg and the UK. Nord Pool is a Nominated Electricity Market Operator (NEMO) in 16 European countries, while also servicing power markets in Bulgaria, Croatia and Georgia. In 2023 Nord Pool had a total turnover of 1103.83 TWh traded power.

Nord Pool’s three decades of power market experience is built on offering flexibility, transparency, innovation, greater choice and participation to our customers.

For more information, please contact:

Stuart Disbrey
Communications Director
stuart.disbrey@nordpoolgroup.com

Irene Zeier
Communications Director
irene.zeier@nordpoolgroup.com

Oslo, 20 November 2024

Successful go-live of the Nordic Flow-based Market Coupling project

Fri, 01 Nov 2024 09:00:35 +0100

The project parties involved in the day-ahead Nordic Flow-Based Market Coupling project are pleased to announce the successful go-live of the project on 29/10/2024, (first trading day for delivery on 30th October 2024). The successful go-live of Nordic Flow-Based Market Coupling is the result of the close cooperation between all involved NEMOs, TSOs, Nordic RCC and regulatory authorities.

Please direct any questions about this matter to Erik Ek, Chair of the Nordic Flow-Based Implementation Project through the Svenska kraftnät press office. Phone: +46 10 475 80 10, e-mail: press@svk.se.

Nord Pool’s three decades of power market experience is built on offering flexibility, transparency, innovation, greater choice and participation to our customers.

For more information, please contact:

Stuart Disbrey
Communications Director
stuart.disbrey@nordpoolgroup.com

Irene Zeier
Communications Director
irene.zeier@nordpoolgroup.com

Oslo, 1 November 2024

Nordic Flow-Based Market Coupling Project confirms Go-Live for 29th October 2024

Fri, 11 Oct 2024 09:00:31 +0200

The Nordic project parties are pleased to inform that final tests between the involved TSOs, NEMOs and RCC have been completed successfully , and the project will go live on October 29th, 2024. (first trading day for delivery on 30th October 2024).

Nord Pool’s three decades of power market experience is built on offering flexibility, transparency, innovation, greater choice and participation to our customers.

For more information, please contact:

Stuart Disbrey
Communications Director
stuart.disbrey@nordpoolgroup.com

Irene Zeier
Communications Director
irene.zeier@nordpoolgroup.com

Oslo, 11 October 2024

Nordic Flow-Based Market Coupling Project Go-Live set for 29th October 2024

Thu, 29 Aug 2024 09:00:42 +0200

As communicated earlier, the planned go-live for Nordic Flow Based Day Ahead Market Coupling was set for October 2024.

The Nordic project parties are intensively preparing for the Go-Live and only the final tests are remaining. Pending successful completion, the project will go live on October 29th, 2024. (first trading day for delivery on 30th October 2024).

Nord Pool’s three decades of power market experience is built on offering flexibility, transparency, innovation, greater choice and participation to our customers.

For more information, please contact:

Stuart Disbrey
Communications Director
stuart.disbrey@nordpoolgroup.com

Irene Zeier
Communications Director
irene.zeier@nordpoolgroup.com

Oslo, 29 August 2024

Euronext and Nord Pool announce Nordic and Baltic Power Futures market

Tue, 27 Aug 2024 08:30:28 +0200

Nord Pool, the European power market, is to enter a new area of business with the announcement that it will launch, together with Euronext, a dedicated Nordic and Baltic power derivatives market.

The new Euronext Nord Pool Power Futures market will be traded on Euronext’s Optiq® trading platform and cleared by Euronext Clearing. The announcement comes after extensive consultation with market participants. Euronext Nord Pool Power Futures will be designed to answer the need expressed by the market to have a long-standing, sustainable market infrastructure committed to developing secure power futures trading in the Nordic and Baltic regions, with a strong Nordic foundation. Customer testing will open as soon as March 2025.

Euronext Nord Pool Power Futures will offer trading of cash-settled futures for all maturities on System Price and EPADs across the Nordics and Baltics. Underlying spot indices will be provided by Nord Pool.

Camille Beudin, Head of Diversified Services at Euronext and Chairman of the Board at Nord Pool, said: “The launch of Euronext Nord Pool Power Futures presents a unique opportunity to combine the skills and expertise of Euronext across energy markets with a firm Nordic base, harnessing industry knowledge, trading and clearing of financial products, in order to deliver an attractive and competitive offering for customers.”

Welcoming the development, Tom Darell, CEO at Nord Pool, added: “Nord Pool and Euronext are absolutely committed to delivering a long-standing and liquid power derivatives market for the Nordic and Baltic regions. The Nordic and Baltic power market is showing a recovery since the energy crisis, but action is needed to cement and accelerate that recovery.

“Nord Pool and Euronext will work to bring back liquidity to Nordic power derivatives, with a proven set up which will attract OTC traded volumes into the market. We have consulted extensively with key businesses in the Nordic and Baltic power sector, businesses which represent more than 70% of market volumes. Their message has been clear: end uncertainty in the power derivatives territory by delivering a liquid power futures market, run by a business with commitment and a vision for the future.”

Nord Pool’s three decades of power market experience is built on offering flexibility, transparency, innovation, greater choice and participation to our customers.

For more information, please contact:

Stuart Disbrey
Communications Director
stuart.disbrey@nordpoolgroup.com

Irene Zeier
Communications Director
irene.zeier@nordpoolgroup.com

Oslo, 27 August 2024

Nord Pool wins Statnett EPAD tender

Tue, 20 Aug 2024 08:00:25 +0200

Nord Pool, the European power market, has been announced as the winner of a tender from Statnett, the Norwegian energy transmission system operator, to run its Electricity Price Area Differentials (EPAD) futures contract auctions.

The tender was issued by Statnett following a request from the Norwegian Ministry of Energy, to find an operator for EPAD auctions.

The new auctions, which will see Statnett buying and selling monthly, quarterly and calendar capacity contracts on three borders (NO1/NO2, NO1/NO5, NO3/NO4), will take place twice a month, with the aim of commencing at the end of 2024 and running for at least a year.

Commenting on the tender success, Tom Darell, CEO at Nord Pool, a Euronext company, said: “We are pleased to be able to provide the unique experience and expertise in auction organization and market design that will allow Statnett to deliver a simple, secure and liquid EPAD auction market for Norway.

“These new EPAD auctions will greatly increase hedging opportunities and liquidity in Norway, as well as strengthening the Nordic power market model, which is already recognized as an exemplar throughout Europe.”

More information will be provided to market participants on how to take full advantage of the new auctions during the implementation project, in the run up to go-live.

EPADs are instruments traded between market participants in order to hedge the price risk associated with the difference between local power prices and the common Nordic System Price.

Nord Pool’s three decades of power market experience is built on offering flexibility, transparency, innovation, greater choice and participation to our customers.

For more information, please contact:

Stuart Disbrey
Communications Director
stuart.disbrey@nordpoolgroup.com

Irene Zeier
Communications Director
irene.zeier@nordpoolgroup.com

Oslo, 20 August 2024

GENEX and Nord Pool launch Georgian power market

Tue, 06 Aug 2024 09:00:57 +0200

Nord Pool, the European power market, together with the Georgian Energy Exchange JSC. (GENEX), has announced the successful launch of Georgia’s first day-ahead and intraday power trading market.

The go-live of the market, which opened and recorded its first trade in July, is the result of a cooperation agreement - with Nord Pool, a Euronext company, providing GENEX with power trading services including a range of key systems.

Commenting on the launch of the new market, Tom Darell, CEO at Nord Pool, said: “The team at Nord Pool has been working very closely with our partners at GENEX to help them develop a modern, efficient, transparent and secure energy trading capability. We are proud to bring our established heritage, expertise and technology to new markets across Europe.”

Irakli Galdava, Director General of GENEX, added: “This is great news for the Georgian energy market as we take another step towards a more liberalized approach. The successful introduction of day-ahead and intraday power trading in Georgia is extremely important for our energy sector. This new market presents a real opportunity, allowing market participants to trade on the GENEX platform for the first time.”

Nord Pool’s three decades of power market experience is built on offering flexibility, transparency, innovation, greater choice and participation to our customers.

For more information, please contact:

Stuart Disbrey
Communications Director
stuart.disbrey@nordpoolgroup.com

Irene Zeier
Communications Director
irene.zeier@nordpoolgroup.com

Oslo, 6 August 2024

Nord Pool welcomes EU law obliging NEMOs to share intraday orders

Tue, 16 Jul 2024 09:00:32 +0200

The obligation on NEMOs to share their intraday orders right up to delivery in key European markets takes effect today, Tuesday 16 July 2024.

Nord Pool, the European power market, welcomes the new EU law establishing the extended intraday shared order book, which makes it possible for all European power exchanges to offer their customers the same liquidity from the beginning to the end of intraday trading, in all bidding zones.

A previous loophole in EU regulation meant that, in intraday markets such as Austria, Belgium, France, Germany, Luxembourg and The Netherlands, intraday liquidity in the final hour of trading could be ‘ringfenced’ in local markets. A power exchange had no obligation to share it with other exchanges, as is the case the rest of the time in intraday trading. It is particularly significant, since the last hour of intraday trading has become the focus of intense market activity – especially with the increase in renewable power sources in the energy mix.

Nominated Electricity Market Operators (NEMOs – power exchanges) and Transmission System Operators (TSOs) have worked together in recent months to ensure the Single Intraday Coupling (SIDC) systems are now ready to accommodate the extended shared order book.

Welcoming the new EU law, Tom Darell, CEO at Nord Pool, a Euronext company, said: “We are ready to share our customers’ orders with all other NEMOs in Central European intraday markets in a single order book, until trading closes.

“We know our customers are excited about this long-anticipated extension of the shared order book into the final hour of intraday trading, finally becoming a reality. Nord Pool customers will now be able to trade right up to gate closure in key markets.”

Camille Beudin, Chairman at Nord Pool, added: “This welcome change enables a genuinely open and competitive spot power trading environment in Europe. The effective integration of renewable energy generation into our power systems is heavily reliant on the final hour of intraday trading. This represents a step change for Nord Pool customers and a truly integrated European power market”.

To trade intraday with Nord Pool email support@nordpoolgroup.com or contact your Market Manager.

Nord Pool’s three decades of power market experience is built on offering flexibility, transparency, innovation, greater choice and participation to our customers.

For more information, please contact:

Stuart Disbrey
Communications Director
stuart.disbrey@nordpoolgroup.com

Oslo, 16 July 2024

Nord Pool’s new Serviced Power Exchange, Bursa Română de Mărfuri, successfully integrated into the European Single Intraday Coupling

Thu, 23 May 2024 14:43:57 +0200

The integration of BRM’s trading platform into SIDC marks another important milestone towards increasing the efficiency of the single European Electricity Market. Market participants operating across countries will benefit from an Electricity Market that becomes more liquid and therefore increasingly competitive. More market participants will be joining SIDC, allowing for more assets to react to price signals and therefore adding flexibility and reducing price volatility.

Nord Pool’s CEO, Tom Darell, commented: “We are delighted to see the results of a successful collaboration between Nord Pool and BRM. We will provide a market leading platform as-a-service to BRM, and we will continue the work together towards a successful launch of a Day-ahead market later this year.”

Key Highlights:

BRM’s collaboration with Nord Pool in 2022 marked the beginning of a strategic partnership aimed at enhancing Romania’s energy market.
BRM’s trading platform now leverages Nord Pool’s robust systems, challenging the incumbent monopoly power exchange in Romania.
By joining SIDC, BRM contributes to the overall efficiency of the single European Electricity Market. Market participants across countries will benefit from increased liquidity and competitiveness.

The SIDC currently couples the continuous intraday markets of 25 countries, including Austria, Belgium, Bulgaria, Croatia, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Italy, Latvia, Lithuania, Luxembourg, Norway, The Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, and Sweden.

With a broad serviced markets offering Nord Pool continues to drive innovation and efficiency across the European energy sector.

Nord Pool’s three decades of power market experience is built on offering flexibility, transparency, innovation, greater choice and participation to our customers.

For more information, please contact:

Irene Zeier
Communications Director
irene.zeier@nordpoolgroup.com

Oslo, 23 May 2024

Nord Pool and Elma Launch Iceland Power Market

Wed, 15 May 2024 10:01:04 +0200

Nord Pool, the European power market, is pleased to announce the signing of an agreement with Elma energy exchange in Iceland to cooperate on the launch of Iceland’s first short-term physical electricity trading market.

The new Elma power market will start with day-ahead trading, with intraday trading intended to follow at a later date.

Welcoming the advent of Iceland’s new power market, Tom Darell, CEO at Nord Pool, a Euronext company, said: “We are delighted to announce our success in the rigorous selection process to partner with Elma in pioneering the development of a new day-ahead trading market for Iceland. Operating an organized power market for the first time is a huge step forward for Iceland. It will bring important benefits in terms of efficiency, transparency, provision of reliable investment signals and reinforcement of security of supply.

“The team at Nord Pool looks forward to working closely with their counterparts at Elma, to help realize the company’s vision of efficient and secure Icelandic power trading.”

Katrín Olga Jóhannesdóttir, CEO at Elma, which is owned by Landsnet, the Icelandic Transmission System Operator, added: “We at Elma are delighted to have reach an agreement with Nord Pool that will allow us to build a well-structured power market in Iceland.

“By providing a trusted and transparent marketplace, Elma will play an important role in promoting competition and price transparency. This fosters innovation, assists in enhancing security of supply and improves energy security. The future is exciting, and we look forward to participating in it alongside Nord Pool, the leading power market in Europe.”

The Icelandic day-ahead market’s final launch date has yet to be determined, however it is expected to be in late 2024 or early 2025.

About Elma
Elma Power Exchange was founded in 2022 and is owned by Landsnet, the TSO in Iceland. Elma will provide a centralized platform for secure, dependable, and transparent exchange of electricity in Iceland. Elma has launched a web-based auction platform, in co-operation with Cropex energy exchange for long-term agreements, (PPA’s). Together with Nord Pool, Elma is implementing a day-a-head market with a January 2025 launch schedule. This strategic partnership and the forthcoming day-ahead market underscore Elma's commitment to enhancing the operational efficiency and transparency of Iceland’s energy market

Nord Pool’s three decades of power market experience is built on offering flexibility, transparency, innovation, greater choice and participation to our customers.

For more information, please contact:

Irene Zeier
Communications Director
irene.zeier@nordpoolgroup.com

Oslo, 15 May 2024

Nord Pool welcomes EU parliament vote on Shared Order Book - creating level playing field in European spot power trading

Mon, 15 Apr 2024 09:02:40 +0200

Nord Pool, the European power market, has welcomed a vote to enact a new EU law that will make it possible for all European power exchanges to offer their customers the same liquidity from the beginning to the end of intraday trading, in all bidding zones.

A previous loophole in EU regulation meant that, in intraday markets such as Austria, Belgium, France, Germany, Luxembourg, France and The Netherlands, intraday liquidity in the final hour of trading could be ‘ringfenced’ in local markets - a power exchange had no obligation to share it with other exchanges, as is the case the rest of the time in intraday trading.

The European Parliament voted on 11th April 2024 in favour of the revision to the Electricity Market Design Reform (EMD), negotiated with EU Member States and the European Commission at the end of last year. An obligation on Europe’s Nominated Electricity Market Operators (NEMOs i.e. power exchanges) to share their intraday orders with each other in a ‘Shared Order Book’ until the end of intraday trading in a bidding zone, is part of this revision.

Tom Darell, CEO at Nord Pool, commented: “We are delighted that this vital and long anticipated extension of the ‘Shared Order Book’ into the final hour of intraday trading is coming to the European power market at last – delivering a more efficient, more transparent, more competitive and more innovative trading environment.”

This important change comes after a lengthy and detailed consultation process. During this Nord Pool, its customers and important industry organisations, sought to ensure the extension of mandatory liquidity sharing between NEMOs to the final 60 minutes of intraday trading in the markets mentioned above, to ensure a level playing field in power trading at European level.

Next steps in the process of realising this goal will be a formal vote by the Council of EU Member States scheduled for Thursday 30^th May, followed by the publication of the new law in the Official Journal of the EU. The sharing obligation will be binding upon NEMOs 20 days thereafter. Nord Pool expects this to be in force by the end of June/beginning of July.

Camille Beudin, Chairman at Nord Pool, added: “We welcome this change enabling a truly open and competitive spot power trading environment in Europe. This will permit Nord Pool customers to trade right up to real time in key markets, something they have not been able to do before.

“The final hour of intraday trading is crucial to the effective integration of renewable generation into our power systems, so this will be a game-changer for Nord Pool customers and the integrated European power market.”

The technical changes required to the so-called ‘XBID System’, which allows for intraday trading on the basis of shared liquidity, are minimal and easy to implement. NEMOs will now have ample time in which to make any adaptations or changes in their own trading systems to ensure their order books are immediately open to all trading entities, when the sharing obligation becomes binding. It will similarly give plenty of time for Transmission System Operators (TSOs) in the affected markets to prepare for a likely boost in market activity. It is important that the necessary changes are implemented as soon as possible in the interests of market participants and, ultimately, end consumers.

For further information on Nord Pool’s position on shared order books, read our whitepaper here.

Nord Pool’s three decades of power market experience is built on offering flexibility, transparency, innovation, greater choice and participation to our customers.

For more information, please contact:

Stuart Disbrey
Communications Director
stuart.disbrey@nordpoolgroup.com

Irene Zeier
Communications Director
irene.zeier@nordpoolgroup.com

Oslo, 15 April 2024

The NEMOs and TSOs of Southwest Europe announce the go-live of the Multi-NEMO Arrangement on the French side of the French - Spanish border in the Day-Ahead timeframe

Thu, 29 Feb 2024 10:44:52 +0100

The NEMOs (Nominated Electricity Market Operators) and TSOs (Transmission System Operators) of the Southwest Europe (SWE) Market Coupling Project are pleased to announce that the go-live of the SWE Multi- NEMO Arrangement (MNA) implementation on the French-Spanish border will take place on 28th of February 2024 (trading for delivery on 29th of February 2024). The implementation will be effective only on the French side and for the day-ahead timeframe.

This go-live marks another milestone in the EU Market Coupling as set out in the Regulation (EU) 2015/1222 of 24 July 2015, establishing a guideline on Capacity Allocation and Congestion Management (“CACM Regulation”).

With this MNA implementation, pre-coupling and post-coupling steps performed by NEMOs under Single Day-Ahead Coupling (SDAC) governance, will now be performed by more than one NEMO on the French side of the interconnector, ensuring a more robust and efficient cross[1]border market operation. Trading arrangements on the Spanish side of the interconnector remain unchanged, with the one NEMO operating on that side of the border.

Following this French-Spanish MNA go-live, the SDAC operations on the French-Spanish border will be jointly performed by all the NEMOs designated in the adjacent bidding zones of France and Spain, pursuant to Art. 45 of CACM Regulation.

For additional information on SDAC go to:
http://www.nemo-committee.eu/sdac
https://www.entsoe.eu/network_codes/cacm/implementation/sdac/
https://www.nemo-committee.eu/mcsc
https://www.entsoe.eu/network_codes/cacm/implementation/mcsc

Nord Pool’s three decades of power market experience is built on offering flexibility, transparency, innovation, greater choice and participation to our customers.

For more information, please contact:

Stuart Disbrey
Communications Director
stuart.disbrey@nordpoolgroup.com

Irene Zeier
Communications Director
irene.zeier@nordpoolgroup.com

Oslo, 29 February 2024

Nord Pool reports robust trading figures for 2023

Fri, 12 Jan 2024 11:34:53 +0100

Day-ahead (DA) trading volumes reached 1,030.28 TWh across the Nordic, Baltic, UK and Western and Central Europe markets (covering Austria, Belgium, France, Germany, Luxembourg, the Netherlands and Poland). Intraday (ID) trading volumes for 2023 amounted to 73.55 TWh across Europe (a 95% increase on 2022 figures).

In Belgium, DA trading volumes witnessed strong year-on-year (YoY) growth of 37.5%, with the Netherlands experiencing a YoY increase of 19% in DA.

ID trading showed material growth during 2023. Denmark witnessed a YoY growth of 233%, while the Netherlands experienced a YoY increase of 248.5%. Germany and Latvia demonstrated substantial growth rates of 114% and 101% respectively. In particular, ID trading in Denmark in the last three months of the year is Nord Pool’s best performance ever, highlighting the resilience and strength of the market.

“Nord Pool saw significant volume growth across the board, demonstrating the trust and confidence market participants continue to have in us – something which we never take for granted,” commented Tom Darell, CEO at Nord Pool.

"During 2023 Nord Pool strengthened its position in all markets where we operate. The growth we see in the intraday market is a result of our commitment to a resilient, efficient and scalable technology infrastructure. This enables market access to new renewable energy, which tends to be traded in the continuous market, closer to delivery.

“At Nord Pool we remain committed to providing efficient and reliable power market solutions to meet the evolving needs of our customers, now and into the future.”

The average system price in the Nordics during 2023 was 56.44 EUR/MWh.

Nord Pool’s three decades of power market experience is built on offering flexibility, transparency, innovation, greater choice and participation to our customers.

For more information, please contact:

Stuart Disbrey
Communications Director
stuart.disbrey@nordpoolgroup.com

Irene Zeier
Communications Director
irene.zeier@nordpoolgroup.com

Oslo, 12 January 2024

CEOs of European NEMOs call for deletion of the Single Legal Entity in the current review of the European Electricity Market Design (EMD)

Thu, 09 Nov 2023 14:08:55 +0100

We, the CEOs of the power exchanges representing all Nominated Electricity Market Operators (NEMOs) from the 27 EU Member States, wish to voice our very grave concerns about a specific aspect of the proposed Electricity Market Design reform – namely the EMD paving the way to take the organisation of the Market Coupling Operation (MCO) function away from the TSOs and NEMOs, transferring it instead to a Single Legal Entity (SLE). The establishment of such an entity is foreseen in the Council general approach, in Article 7, paragraph (1), and Article 59 of the amended Regulation (EU) 2019/943.

The power exchanges we represent cover the whole EU geographical scope, plus Norway. Together with the electricity transmission system operators (TSOs), we develop, implement, and operate the European Market Coupling, a highly efficient and exceptionally reliable solution for integrating the European day-ahead and intraday markets. This has proved itself to be the cornerstone of the EU Internal Market for electricity, as also stated in ACER’s report of April 2022 ‘Final Assessment of the EU Wholesale Electricity Market Design’.

Our efforts for over 20 years have maximised social welfare and brought billions of Euros of efficiency gains each year for European citizens and industries. With transparent price formation mechanisms and reliable short-term markets, we provide crucial tools for investment decisions and the decarbonisation of the electricity sector. Our short-term electricity markets have proven to be a pillar of stability in the face of the recent energy crisis.

Given our extensive experience, we would like to express our extremely strong concerns over any plans of the European Commission and co-legislators to implement an SLE for the Market Coupling Operator function, of which the first steps are the Council general approach, Articles 7, paragraph (1), and Article 59. Allow us to explain the reasons for our concerns:

First, the implementation of an SLE for the Market Coupling Operator function would deprive NEMOs of their role in the MCO function, which, over the past 20 years, they have performed in an efficient and reliable way even in the context of the recent energy crisis in Europe and world-wide.
Second, the implementation of an SLE would mean a centralisation of the MCO function. Such centralisation would deprive the individual Member States of their powers to regulate and monitor their own markets. At the same time this would lead to new legal and regulatory conflicts between European and national regulation, oversight, and jurisdiction.
Third, such centralisation in an SLE contradicts the EU principles of proportionality and subsidiarity. NEMOs have provided many arguments why the current distributed operation of Market Coupling in a rotational system with back-up operators is more reliable, secure and cost-efficient than a newly set-up central SLE. The latter would cause massive and incalculable disruptions upon implementation, while there is no evidence that it would bring any improvements, i.e. lack of any cost-benefit analysis.
Fourth, such centralisation against the explicit recommendation of TSOs and NEMOs to continue with the current distributed operation of Market Coupling represents a disproportionate restriction of the principal freedom of TSOs and NEMOs to exercise their economic activity and determine their organisation.
Fifth, the implementation of an SLE would deprive NEMOs of their important role in integrating local and regional market design requirements of the Member States in which they operate into the common coupling algorithms and procedures. A market centrally designed and operated would disrupt the efficiency of the EU market – a market which so far has been able to support and reflect local requirements due to all NEMOs operating the MCO function.
Sixth, the SLE would also increase operational risks, since all MCO operations will be performed by a single entity, which will be a potential single “point of failure”. The current operational arrangement relies on several NEMOs performing in parallel the MCO function (as main coordinators and back-up coordinators). This maximises the operational security via a back-up redundancy of NEMO’s decentralised design. With the SLE, this important benefit would be lost.
Finally, implementation of an SLE would certainly mean delays to the go-lives or extensions of current SDAC-SIDC projects since the transfer of activities from the decentralised to the centralised model would be prioritised. Implementation of an SLE would require a lot of time and resources, with a great deal of testing and trial runs in order to ensure, to the greatest extent possible, that operational risk and the legal/regulatory complexities deriving from the disruption of the current model are minimised.

Overall, the SLE is not aligned with the actual goal of the EMD – which is making the energy market more resilient in the face of the energy crisis!

Sadly, the European Commission has disregarded the outcomes of the consultation conducted in January and February 2023, in which all stakeholders, i.e. NEMOs, TSOs and relevant market participants’ organisations such as EFET and Eurelectric, rejected the idea of disrupting the current operation and centralising the market coupling function in an SLE.

Furthermore, the European Commission has not provided a sound, evidence-based justification nor any impact assessment of the SLE proposal, which would clearly show the benefits of the current decentralised operation of market coupling over an SLE.

As an alternative proposal to this unnecessary disruption of the Market Coupling Operation function, we suggest sticking to the current design while optimising governance through:

improved resource adequacy – to deliver implementation projects on time and
contractual simplification – to reduce complexity

In the end, we, together with all relevant stakeholders, work towards a common overarching goal: to enable faster implementation of pan-European projects for the sake of final consumers.

We encourage you to carefully consider these points during the trilogue negotiations, to create the future-proof European electricity market that we all need for achieving the energy transition in as fast and cost-efficient a manner as possible.

We remain at your disposal to discuss our position further and are happy to support you with our expertise as NEMOs.

Yours sincerely,
The CEOs of the EU NEMOs

Gabriel Purice, CEO BRM
Ante Mikulic, CEO CROPEX
Ralph Danielski, CEO EPEX SPOT
Michiel Lenski, CEO ETPA
Jürgen Wahl, CEO EXAA
Pietro Maria Putti, CEO GME
Alexandros Papageorgiou, CEO HEnEx
Matyas Vajta, CEO HUPX
Konstantin Konstantinov, CEO IBEX
Georg Aasen, CEO Nasdaq Oslo AS
Tom Darell, CEO NORD POOL
Martin Švantner, CEO OKTE
Carmen Becerril, CEO OMIE
Victor Ionescu, CEO OPCOM
Michal Puchel, CEO OTE
Anze Predovnik, CEO BSP SOUTH POOL
Piotr Zawistowski, CEO TGE

About Nord Pool
Nord Pool, Europe’s leading power market, delivers efficient, simple and secure trading across Europe. In 2023 the company, which is majority owned by Euronext, celebrates 30 years of powering the market. Nord Pool offers day-ahead and intraday trading, clearing and settlement, and additional services, to customers regardless of size or location. Today 360 businesses from 20 countries trade on Nord Pool’s markets.

Nord Pool operates markets in the Nordic and Baltic regions, Germany, Poland, France, The Netherlands, Belgium, Austria, Luxembourg and the UK. Nord Pool is a Nominated Electricity Market Operator (NEMO) in 15 European countries, while also servicing power markets in Bulgaria, Croatia and Georgia. In 2022 Nord Pool had a total turnover of 1077.35 TWh traded power.

Nord Pool’s three decades of power market experience built on offering flexibility, transparency, innovation, greater choice and participation to our customers.

For further information, please contact:
Stuart Disbrey, +44 7887 409044 - stuart.disbrey@nordpoolgroup.com
Irene Zeier, +47 9057 9250 - irene.zeier@nordpoolgroup.com

Oslo, 9 November 2023

Nordic Flow-based Market Coupling Go-live Expected October 2024

Tue, 07 Nov 2023 09:02:23 +0100

As previously communicated by the project parties 27th September 2023, the intended go-live in Q1 2024 of the Nordic Flow-based Market Coupling has been reassessed and deemed as unachievable. This is due to the complexity of the development and alignment of the various Nordic IT systems and processes which are needed to implement Nordic Flow-based in the European Single Day-Ahead Market Coupling (SDAC).

Since their last communication, the project parties have been working together to develop an updated Nordic implementation timeline. As a next step, this new timeline will be discussed at European level to establish a joint timeline coordinated with the other on-going regional and European implementation projects.

The Nordic project parties now expect to be able to go-live with Nordic Flow-based Market Coupling in October 2024, pending successful testing and technical readiness of the project parties. Market participants will be regularly updated on the planning around this new projected date during upcoming stakeholder events and through news releases, as appropriate.

The project parties have decided to continue the External Parallel Run until go-live to gain even more experience/knowledge about the Flow-based Marked Coupling.

About Nord Pool
Nord Pool, Europe’s leading power market, delivers efficient, simple and secure trading across Europe. In 2023 the company, which is majority owned by Euronext, celebrates 30 years of powering the market. Nord Pool offers day-ahead and intraday trading, clearing and settlement, and additional services, to customers regardless of size or location. Today 360 businesses from 20 countries trade on Nord Pool’s markets.

Nord Pool operates markets in the Nordic and Baltic regions, Germany, Poland, France, The Netherlands, Belgium, Austria, Luxembourg and the UK. Nord Pool is a Nominated Electricity Market Operator (NEMO) in 15 European countries, while also servicing power markets in Bulgaria, Croatia and Georgia. In 2022 Nord Pool had a total turnover of 1077.35 TWh traded power.

Nord Pool’s three decades of power market experience built on offering flexibility, transparency, innovation, greater choice and participation to our customers.

For further information, please contact:
Stuart Disbrey, +44 7887 409044 - stuart.disbrey@nordpoolgroup.com
Irene Zeier, +47 9057 9250 - irene.zeier@nordpoolgroup.com

Oslo, 7 November 2023

Go-live of Nordic Flow-based Capacity Calculation Delayed

Wed, 27 Sep 2023 14:01:16 +0200

The reason for this delay lies in the unforeseen complexity in development and alignment of all the various IT systems and processes required to implement flow-based capacity calculation and allocation.

We are currently investigating the implementation timeline and External Parallel Run continuation, as well as other relevant dependencies to allow a replanning of the flow-based timeline.

An update will be provided in early November.

Please direct any questions about this matter to Erik EK, Chair of Nordic Flow-Based Implementation Project through the Svenska kraftnät press office: +46 10 475 80 10 press@svk.se.

About Nord Pool
Nord Pool, Europe’s leading power market, delivers efficient, simple and secure trading across Europe. In 2023 the company, which is majority owned by Euronext, celebrates 30 years of powering the market. Nord Pool offers day-ahead and intraday trading, clearing and settlement, and additional services, to customers regardless of size or location. Today 360 businesses from 20 countries trade on Nord Pool’s markets.

Nord Pool operates markets in the Nordic and Baltic regions, Germany, Poland, France, The Netherlands, Belgium, Austria, Luxembourg and the UK. Nord Pool is a Nominated Electricity Market Operator (NEMO) in 15 European countries, while also servicing power markets in Bulgaria, Croatia and Georgia. In 2022 Nord Pool had a total turnover of 1077.35 TWh traded power.

Nord Pool’s three decades of power market experience built on offering flexibility, transparency, innovation, greater choice and participation to our customers.

For further information, please contact:
Stuart Disbrey, +44 7887 409044 - stuart.disbrey@nordpoolgroup.com
Irene Zeier, +47 9057 9250 - irene.zeier@nordpoolgroup.com

Oslo, 27 September 2023

Nord Pool Consulting to lead development of Pilot Regional Electricity Market in Central Asia

Fri, 01 Sep 2023 10:45:42 +0200

Nord Pool Consulting is pleased to announce that it has been selected by the World Bank to lead the creation of an electricity market pilot aimed at enhancing regional integration and increasing electricity trade in the Central Asia region.
“We are delighted to collaborate with the World Bank and Central Asian countries to offer a pilot solution for the electricity market and propose policies that will enhance the potential trade benefits in Central Asia.”
Julien Cossé, Nord Pool CSO

Over the next six months, Nord Pool Consulting in collaboration with Juru and Ricardo – leading international consultancy firms responding to complex global challenges with sustainable innovation – will design a regional short-term pilot electricity market for Central Asia. Additionally, a step-by-step roadmap outlining the transition arrangements to move from a pilot to a fully-fledged market will be developed.
“Our aim is to adopt a comprehensive and well-rounded approach that takes into consideration the unique challenges, opportunities, and characteristics of the Central Asian region, ensuring that the countries in this area can benefit from the most optimal trade solutions.”
Lina Masiuliene, Director Nord Pool Services

A review of regional electricity trade studies, current arrangements in Central Asia and international experiences benchmarking will inform the proposed short-term pilot electricity market design and definition of implementation requirements. A series of capacity building activities to Central Asian stakeholders are foreseen as well.
“Leveraging our experience in developing new power markets, within and beyond Europe, is something Nord Pool has been providing as a service for more than two decades. We are enthusiastic about providing our consultancy services and sharing our expertise in this project.”
Tom Darell, Nord Pool CEO

Background:
Enhancing regional integration and increasing sustainable electricity trade between Central Asia countries and neighbouring regions can play a pivotal role in assuring energy security, accelerating decarbonization efforts, promoting economic growth, and ensuring regional stability. Central Asia is a region rich in resources, with a strategic location for sustainable energy trade. The countries in Central Asia possess significant energy-related natural resources, including oil, gas, coal, and high hydropower generation potential. Furthermore, the region has substantial untapped solar and wind potential. By leveraging the diverse energy sources and generation mix in the region, the pilot market will pave the way for accelerated regional decarbonization and the realization of the benefits of sustainable energy cooperation. These benefits include reduced investment costs in new generation capacity, increased development of renewable energy, and improved operation and management of regional energy resources.

About Nord Pool
Nord Pool, Europe’s leading power market, delivers efficient, simple and secure trading across Europe. In 2023 the company, which is majority owned by Euronext, celebrates 30 years of powering the market. Nord Pool offers day-ahead and intraday trading, clearing and settlement, and additional services, to customers regardless of size or location. Today 360 businesses from 20 countries trade on Nord Pool’s markets.

Nord Pool operates markets in the Nordic and Baltic regions, Germany, Poland, France, The Netherlands, Belgium, Austria, Luxembourg and the UK. Nord Pool is a Nominated Electricity Market Operator (NEMO) in 15 European countries, while also servicing power markets in Bulgaria, Croatia and Georgia. In 2022 Nord Pool had a total turnover of 1077.35 TWh traded power.

Nord Pool’s three decades of power market experience built on offering flexibility, transparency, innovation, greater choice and participation to our customers.

For further information, please contact:
Stuart Disbrey, +44 7887 409044 - stuart.disbrey@nordpoolgroup.com
Irene Zeier, +47 9057 9250 - irene.zeier@nordpoolgroup.com

Oslo, 1 September 2023

All NEMOs to modify the threshold that triggers second auction procedure in April and May 2023

Mon, 12 Jun 2023 15:49:23 +0200

Due to the recent market circumstances specifically in The Netherlands, the Nominated Electricity Market Operators (NEMOs) operating the Single Day-Ahead Coupling have decided to modify the lower threshold that triggers the 2nd auction procedure from EUR -150 to EUR -500 per MWh.

The goal of this change is to maintain security of operations by avoiding triggering second auctions in the most affected countries on a regular basis and thus binding operational resources, which could endanger the Market Coupling session by increasing the risk of Full Decoupling.

The change will be implemented as of 15 June (first trading day) for delivery date 16 June, except Czech Republic, where the change will take place from Thursday 22 for delivery date 23 June.

The second auction procedure is triggered when certain price levels are reached in the coupled Day-Ahead auction, in order to allow market participants to review their positions when price levels are higher/lower than usual.

The following countries are affected by the threshold switch to -500 EUR:

- Austria
- Belgium
- Croatia
- Czech Republic
- Estonia
- France
- Germany
- Hungary
- Ireland and Northern Ireland
- Latvia
- Lithuania
- Portugal
- Romania
- Slovenia
- Spain
- The Netherlands

The countries not explicitly mentioned in this note, are not affected by this change.

About Nord Pool
Nord Pool, Europe’s leading power market, delivers efficient, simple and secure trading across Europe. In 2023 the company, which is majority owned by Euronext, celebrates 30 years of powering the market. Nord Pool offers day-ahead and intraday trading, clearing and settlement, and additional services, to customers regardless of size or location. Today 360 businesses from 20 countries trade on Nord Pool’s markets.

Nord Pool operates markets in the Nordic and Baltic regions, Germany, Poland, France, The Netherlands, Belgium, Austria, Luxembourg and the UK. Nord Pool is a Nominated Electricity Market Operator (NEMO) in 15 European countries, while also servicing power markets in Bulgaria, Croatia and Georgia. In 2022 Nord Pool had a total turnover of 1077.35 TWh traded power.

Nord Pool’s three decades of power market experience built on offering flexibility, transparency, innovation, greater choice and participation to our customers.

For further information, please contact:
Stuart Disbrey, +44 7887 409044 - stuart.disbrey@nordpoolgroup.com
Irene Zeier, +47 9057 9250 - irene.zeier@nordpoolgroup.com

Oslo, 12 June 2023

European Power Exchanges: EU Commission proposes a pan-European Single Legal Entity depriving NEMOs of their function and putting market resilience at strong risk

Wed, 10 May 2023 13:31:50 +0200

The European power exchanges that have started the integration of the Single European Electricity Spot markets more than 15 years ago are seriously concerned about the centralising and anti-competitive provision contained in the reform of the Electricity Market Design, presented by the European Commission on 14 March 2023 and now under review by the EU Parliament and the EU Council. This provision mentions the possibility to create a Single Entity that would be entrusted with the management of all national electricity markets (proposed amendments to articles 7 and 59 of Regulation (EU) 2019/943). This is clearly a first step towards a de-facto centralisation of the European Market Coupling operations, and goes against the principles of proportionality and subsidiarity.

Moreover, the introduction of such a provision for a new entity which should be managing the integrated day-ahead and intraday markets in accordance with Regulation (EU) 2015/1222 has been done without any prior proper consultation, without any cost-benefit analysis and without considering the destructive effects this could have. This provision, which has nothing to do with the issues covered by the Electricity Market Design reform, was reinserted after it had been set aside in the amendment process to the CACM Guideline because it was considered by NEMOs and TSOs as well as EU industry associations such as Eurelectric and EFET to be dangerous to the very functioning of the single European electricity market.

The current market design, which has been achieved primarily thanks to the work of the European Power Exchanges, ensures multilateral and decentralized cooperation that respects the peculiarities specific to each EU country national market, effectively achieving integration and coordinated management at the European level. These achievements have been recognized in the proposed reform.

The European Commission's proposal, by mentioning the possibility of entrusting the management of EU integrated electricity markets to a single entity, throws the door wide open to an unnecessary and indefinite transition that results in critical operational, regulatory, and management issues, putting at high risk the very operation of these well integrated day-ahead and intraday markets. This proposal would require a significant implementation time, and would create legal-regulatory difficulties, transition costs and very important insolvency risks, which have been completely overlooked by the European Commission, and would not generate any benefits either for the operational management or for the security of the system.

The NEMO Committee therefore believes that the passages related to the Single Legal Entity included in articles 7 and 59 of Regulation (EU) 2019/943) should be deleted from the Electricity Market Design reform proposal under discussion.

About All NEMO Committee
The All NEMO Committee facilitates the cooperation among NEMOs for all common European tasks necessary for the efficient and secure design, implementation and operation of single day-ahead and intraday coupling. The All NEMO Committee is formed by the appointed representatives of each NEMO. For additional information about All NEMO Committee go to: http://www.nemo-committee.eu/index

About Nord Pool
Nord Pool, Europe’s leading power market, delivers efficient, simple and secure trading across Europe. In 2023 the company, which is majority owned by Euronext, celebrates 30 years of powering the market. Nord Pool offers day-ahead and intraday trading, clearing and settlement, and additional services, to customers regardless of size or location. Today 360 businesses from 20 countries trade on Nord Pool’s markets.

Nord Pool operates markets in the Nordic and Baltic regions, Germany, Poland, France, The Netherlands, Belgium, Austria, Luxembourg and the UK. Nord Pool is a Nominated Electricity Market Operator (NEMO) in 15 European countries, while also servicing power markets in Bulgaria, Croatia and Georgia. In 2022 Nord Pool had a total turnover of 1077.35 TWh traded power.

Nord Pool’s three decades of power market experience built on offering flexibility, transparency, innovation, greater choice and participation to our customers.

For further information, please contact:
Stuart Disbrey, +44 7887 409044 - stuart.disbrey@nordpoolgroup.com
Irene Zeier, +47 9057 9250 - irene.zeier@nordpoolgroup.com

Oslo, 10 May 2023

Nord Pool and BRM Partner to Deliver New Romanian Power Exchange

Wed, 01 Mar 2023 12:02:03 +0100

European power market Nord Pool, celebrating 30 years powering the market in 2023, is pleased to announce an agreement for cooperation and system delivery with Bursa Română de Mărfuri S.A. (BRM).

Under the agreement, Nord Pool will assist BRM in its goal of becoming Romania’s representative energy exchange.

The agreement between the two businesses will see Nord Pool delivering software and consulting services to create the market systems that will allow BRM to operate in the European single day-ahead and intraday markets as a Nominated Electricity Market Operator (NEMO - power exchange).

Nord Pool’s Director of Services, Lina Masiuliene, said: “We are delighted to be able to assist BRM by providing Nord Pool’s proven and successful power market platforms, which will enable the organisation to enhance its current offering and better serve its customers, as well as providing new options for power traders in the region. We look forward to working with BRM to help deliver on its ambitions to establish efficient, simple and secure cross-border power trading in Romania.”

Oana Popa, Director for Clients and Operations at BRM, added: “This cooperation symbolises a common willingness to promote a professional trading platform for the Romanian electricity spot market, through a long-term cooperation with Nord Pool. In this regard BRM expresses its positive expectations regarding future development of this project and aims to create a more efficient and integrated power market in the region.”

About Nord Pool
Nord Pool, Europe’s leading power market, delivers efficient, simple and secure trading across Europe. In 2023 the company, which is majority owned by Euronext, celebrates 30 years of powering the market. Nord Pool offers day-ahead and intraday trading, clearing and settlement, and additional services, to customers regardless of size or location. Today 360 businesses from 20 countries trade on Nord Pool’s markets.

Nord Pool operates markets in the Nordic and Baltic regions, Germany, Poland, France, The Netherlands, Belgium, Austria, Luxembourg and the UK. Nord Pool is a Nominated Electricity Market Operator (NEMO) in 15 European countries, while also servicing power markets in Bulgaria, Croatia and Georgia. In 2022 Nord Pool had a total turnover of 1077.35 TWh traded power.

Nord Pool’s three decades of power market experience built on offering flexibility, transparency, innovation, greater choice and participation to our customers.

Oslo, 1 March 2023

For further information, please contact:
Stuart Disbrey, +44 7887 409044 - stuart.disbrey@nordpoolgroup.com

Nord Pool and Equigy Partner for Power Flexibility

Mon, 13 Feb 2023 12:03:37 +0100

Nord Pool, the European power market, and Equigy, a European crowd balancing platform incorporated by six Transmission System Operators (TSOs), are pleased to announce a partnership to create a new way to trade energy flexibility in the Dutch power market.

Called FlexiSwitch, the aim of the project, which is planned for a phase one launch during the first half of 2023, is to reduce barriers to market entry for small scale flexibility service providers. It seeks to standardise and harmonise the interfaces between smaller flexibility producers and the wider balancing and power markets, by offering a structure that connects them to two markets, in order to make access to trading simpler and more efficient.

The FlexiSwitch project will allow flexibility service providers a new standard interface that enables direct access to balancing and wholesale energy markets. In this way, they can trade easily and have the choice of where to place their flexibility - between ancillary services markets, managed by TSOs and the intraday market. Under the project, flexibility will be routed to Nord Pool’s successful European intraday market and to the existing Dutch aFRR market, built on current rules and technical interfaces. Positioned as an open (non-exclusive) infrastructure to facilitate the market in a neutral way, the project will be extended in later phases to other countries, markets and products, ultimately aiming for a European standard.

Julien Cossé, Chief Strategy Officer at Nord Pool, commented: “With three decades of experience in providing transparent power markets, Nord Pool is founded on the principle of facilitating simple, efficient and secure trading. FlexiSwitch aims to bring smaller scale flexibility producers into the very heart of the trading system, providing access to balancing markets, redispatch services and power exchanges. This is vital if we are to accelerate the necessary ‘green shift’ in power production and consumption towards a future-proof model.

“We are proud to be partnering with Equigy to deliver this solution, starting with a pilot in the Netherlands which will allow us to create a blueprint which we can deploy, in time, across Europe.”

Ersilia Aloia, Chief Finance Officer at Equigy, added: “It has been a longstanding challenge for flexibility providers in the power sector to gain simple, technically secure and standardised access to what can be a complex field for smaller-scale flexibility providers. Equigy is set to play a significant role in accelerating the energy transition in Europe, via the flexibility that could be provided by distributed energy resources. To be successful, such flexibility must be able to easily deliver wherever there is the most value. FlexiSwitch is a means to achieve just that - providing a single interface to two markets. We are delighted to be partnering with Nord Pool in the first step in this important innovation.”

With the transition to ‘green’ energy and the unpredictable nature of renewable power sources, ensuring security of supply while avoiding local grid congestion is a complex problem for Transmission System Operators and Distribution System Operators.

Meanwhile, increasing numbers of distributed energy resources (DERs – for example; heat-pumps, electric vehicle chargers, water heaters and other connected devices) are able to provide much-needed flexibility to the power system. Put together, these DERs can bring significant capacity to balance power networks. The FlexiSwitch project will support DERs and the businesses which aggregate them (known as flexibility service providers - FSPs) to establish a path to access the relevant power markets and give value to their capacity, when and where it is most needed.

Phase one of the partnership will be the development and implementation of a minimum viable product through Equigy and Nord Pool, which will provide one access point to the Dutch intraday trading and aFRR markets. The interface would act as an add-on ‘switchboard’ that allows an easy, harmonised (technical) connectivity to existing interfaces, each with their own formats and rules.

About Equigy
Equigy plays a key role in the acceleration of the energy transition and the integration of the energy system. With the European crowd balancing platform, Equigy creates a trusted data exchange to enable aggregators to participate with smaller flexibility devices, such as home batteries and electric vehicles, in electricity balancing markets, turning consumers into prosumers With six leading European Transmission System Operators (TSOs) : TenneT NL, TenneT GER , Terna , Swissgrid, APG and TransnetBW, Equigy aims to set cross-industry standards throughout Europe, to support a future-proof, reliable and cost-effective power system that is independent of fossil fuel-based flexibility sources.

About Nord Pool
Nord Pool, Europe’s leading power market, delivers efficient, simple and secure trading across Europe. In 2023 the company, which is majority owned by Euronext, celebrates 30 years of powering the market. Nord Pool offers day-ahead and intraday trading, clearing and settlement, and additional services, to customers regardless of size or location. Today 360 businesses from 20 countries trade on Nord Pool’s markets.

Nord Pool operates markets in the Nordic and Baltic regions, Germany, Poland, France, The Netherlands, Belgium, Austria, Luxembourg and the UK. Nord Pool is a Nominated Electricity Market Operator (NEMO) in 15 European countries, while also servicing power markets in Bulgaria, Croatia and Georgia. In 2022 Nord Pool had a total turnover of 1077.35 TWh traded power.

Nord Pool’s three decades of power market experience built on offering flexibility, transparency, innovation, greater choice and participation to our customers.

Oslo, 13 February 2023

For further information, please contact:
Stuart Disbrey, +44 7887 409044 - stuart.disbrey@nordpoolgroup.com

Nord Pool Announces 2022 Trading Figures

Mon, 23 Jan 2023 11:12:45 +0100

During 2022 a total of 1077 TWh* of power was traded through Nord Pool (12% up on 2021).

The Nordic and Baltic day-ahead market traded 696.34 TWh and the UK day-ahead market 232 TWh (58% up on 2021) while Nord Pool’s western and central Europe day-ahead market (covering Austria, Belgium, France, Germany, Luxembourg, The Netherlands and Poland) achieved 111.1 TWh – an increase of 63% on 2021’s figure. Total intraday trading for the year stood at 37.7 TWh, a growth of more than 50% on the previous year’s total, with Nord Pool’s western and central Europe intraday market showing 89% growth on last year, achieving 23.1 TWh in 2022.

Commenting on the strong trading volumes seen in 2022, Tom Darell, CEO at Nord Pool, said: “There is no escaping the fact that 2022 proved to be a very challenging year not just for the energy sector, but across the globe. We witnessed unprecedented market volatility including record high prices, which really put the operation of a transparent and efficient power market under intense pressure.

“Against such a backdrop it has been good to see Nord Pool continuing to record strong and steady annual trading figures, with particularly encouraging growth in our western and central Europe and UK markets. In my view this illustrates that, in spite of our having to operate in an increasingly unpredictable environment, our customers across Europe continue to place a great deal of trust in Nord Pool delivering simple, efficient and secure power trading.”

Tom Darell continued: “Not only is the energy sector in the spotlight because of world events, but power market competition is also now well-established throughout Europe. These circumstances - combined with an intensified drive to increase the role of renewables in the power market - make it ever-more important that Nord Pool should continue to deliver robust trading volumes.

“The continued strength of Nord Pool’s markets is evidence that trading customers in the Nordic and Baltic region, in the UK and in continental Europe, have faith in our competitive and efficient approach to power trading.”

The average system price in the Nordics during 2022 was 135.86 EUR/MWh.

* Trading volume quoted for Nord Pool’s markets comprises all buy volume (total volume bought per hour by market participants) plus all sell volume (total volume sold per hour by market participants) within each bidding zone.

About Nord Pool
Nord Pool, Europe’s leading power market, delivers efficient, simple and secure trading across Europe. In 2023 the company, which is majority owned by Euronext, celebrates 30 years of powering the market. Nord Pool offers day-ahead and intraday trading, clearing and settlement, and additional services, to customers regardless of size or location. Today 360 businesses from 20 countries trade on Nord Pool’s markets.

Nord Pool operates markets in the Nordic and Baltic regions, Germany, Poland, France, The Netherlands, Belgium, Austria, Luxembourg and the UK. Nord Pool is a Nominated Electricity Market Operator (NEMO) in 15 European countries, while also servicing power markets in Bulgaria, Croatia and Georgia. In 2022 Nord Pool had a total turnover of 1077.35 TWh traded power.

Nord Pool’s three decades of power market experience built on offering flexibility, transparency, innovation, greater choice and participation to our customers.

Oslo, 23 January 2023

For further information, please contact:
Stuart Disbrey, +44 7887 409044 - stuart.disbrey@nordpoolgroup.com

SIDC: Successful fourth wave go-live

Wed, 30 Nov 2022 12:15:04 +0100

Nominated Electricity Market Operators (NEMOs) and Transmission System Operators (TSOs) involved in the European Single Intraday Coupling (SIDC – formerly known as XBID) are pleased to confirm the successful go-live of the fourth launch of SIDC.

The go-live on 29 November integrated the Greek and Slovakian borders (GR-IT and GR-BG and SK-CZ, SK-HU, SK-PL) on which cross-border capacity on is now allocated, starting from 29 November, in the continuous trading through SIDC.

The integration of Greece and Slovakia into the Single Intraday Coupling marks another important milestone towards the single integrated European Intraday market, which is now entirely completed.

SIDC currently couples the continuous intraday markets of 25 countries: Austria, Belgium, Bulgaria, Croatia, the Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Italy, Latvia, Lithuania, Luxembourg, Norway, The Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, and Sweden.

About SIDC
The SIDC solution is based on a common IT system with one Shared Order Book, a Capacity Management Module and a Shipping Module. It allows for orders entered by market participants for continuous matching in one bidding zone to be matched by orders similarly submitted by market participants in any other bidding zone within the project’s reach as long as transmission capacity is available. The intraday solution supports both explicit allocation (where approved by the respective National Regulatory Authorities) and implicit continuous trading. It is in line with the EU Target model for an integrated intraday market.

European-wide intraday coupling is a key component for completing the European Internal Energy Market. With the rising share of intermittent generation in the European generation mix, connecting intraday markets through cross-border trading is an increasingly important tool for market parties to keep positions balanced. The purpose of the SIDC initiative is to increase the overall efficiency of intraday trading.

For additional information on SIDC go to:
http://www.nemo-committee.eu/sidc
https://www.entsoe.eu/network_codes/cacm/implementation/sidc

About Nord Pool
Nord Pool, Europe’s leading power market, delivers efficient, simple and secure trading across Europe. The company, which is majority owned by Euronext, offers day-ahead and intraday trading, clearing and settlement, and additional services, to customers regardless of size or location. Today 360 companies from 20 countries trade on Nord Pool’s markets.

Nord Pool operates markets in the Nordic and Baltic regions, Germany, Poland, France, The Netherlands, Belgium, Austria, Luxembourg and the UK. Nord Pool is a Nominated Electricity Market Operator (NEMO) in 15 European countries, while also servicing power markets in Bulgaria, Croatia and Georgia. In 2021 Nord Pool had a total turnover of 963 TWh traded power.

Nord Pool has more than 25 years of power market experience built on offering flexibility, transparency, innovation, greater choice and participation to our customers.

Oslo, 30 November 2022

For further information, please contact:
Stuart Disbrey, +44 7887 409044 - stuart.disbrey@nordpoolgroup.com