This article is about the energy exchange Nord Pool. For energy market derivatives exchange (former Nord Pool), seeNASDAQ OMX Commodities Europe.

Physical commodity exchange (energy exchange)

Nord Pool ASruns the largest market for electrical energy in Europe, measured in volume traded (TWh) and in market share. It operates inNorwayDenmarkSwedenFinlandEstoniaLatviaLithuaniaGermanyandthe UKand is a Nominated Electricity Market Operator (NEMO) in 15 European countries, while also servicing power markets in Croatia and Bulgaria. More than 80% of the total consumption of electrical energy in thenordic marketis traded through Nord Pool.1It was the worlds first multinational exchange for tradingelectric power.

Nord Pool offers both day-ahead and intraday markets.

Nord Pool traces its origin toForeningen Samkjøringen, apower exchangeformed byeastern Norwegianelectricity companies in 1932 on the initiative ofAugustin Paus, and which soon encompassed all the electricity companies of eastern Norway. In 1971 the exchange merged with the regional exchanges in other parts of Norway, and becameSamkjøringen av kraftverkene i Norge, with 118 power companies as members as of 1988.

Nord Pool Spot AS was established in 2002, when the derivatives and energy markets were separated from Nord Pool ASA (nowNASDAQ OMX Commodities Europe). All Nord Pools physical energy market activities were transferred into Nord Pool Spot AS. In 2005, Nord Pool Spot expanded its activities toGermanyby opening theKONTEKbidding area.

On 12 January 2010, Nord Pool Spot in cooperation with NASDAQ OMX Commodities launched the N2EX power market in theUnited Kingdom.2On 2 February 2010, Nord Pool Spot signed an agreement with the Estonian national grid companyEleringto create the Nord Pool SpotEstlinkbidding area starting from 1 April 2010.3Nord Pool Spot also delivered the technical solution for the Lithuanian market place Baltpool.4On 9 June 2010,APX-ENDEX, Belpex and Nord Pool Spot agreed to create a cross-border intraday electricity market based on Nord Pool Spots Elbas technology. Today, the common intraday market includes the Nordic countries, the Baltic countries, Germany, the Netherlands, and Belgium.5In 2012 Nord Pool Spot opens a bidding area in Lithuania, and in 2013 the Latvian market is opened.

In 2016 Nord Pool Spot was rebranded to Nord Pool.6

It is owned by the national grid companiesFingridEnerginet.dkStatnettSvenska KraftnätElering, Litgrid and AST. Nord Pool has the main office inLysaker(Oslo) and offices inStockholmHelsinkiTallinnBerlinandLondon.1It has wholly owned subsidiaries Nord Pool AB and Nord Pool Finland Oy.

Nord Pool AS has 380 members in about 20 countries. Members are public and private energy producers, energy intensive industries, large consumers, distributors, funds, investment companies, banks, brokers, utility companies and financial institutions.7

Nord Pool AS is the worlds largest exchange for electrical energy measured in volume (512 TWh) in 2017.8Nord Pool operates markets in the Nordic and Baltic countries, Germany and the UK, and is a Nominated Electricity Market Operator (NEMO) in 15 European countries, while also servicing power markets in Croatia and Bulgaria.

Kwok W. Wan (2010-01-12).Nasdaq, Nord Pool launch new UK power marketReuters

Juhan Tere (2010-02-02).Elering and Nord Pool Spot conclude a cooperation agreement.

Nord Pool Spot will deliver the technical solution for new Lithuanian market place(Press release). Nord Pool Spot. 2009-08-28

APX-ENDEX, Belpex and Nord Pool Spot to establish cross-border intraday electricity market from Helsinki to Brussels(Press release). Nord Pool Spot. 2010-06-10. Archived fromthe originalon 2010-10-23

This page was last edited on 9 December 2018, at 18:26

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