Nordic Electricity Exchange Market

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Nordic electricity exchange market.

The electricity market group is a working group under the nordic council of ministers where nordic energy research acts as a secretariat. In the nordic countries the vast majority of trading is done on the day ahead market spot market and the system price which is the common. The nordic electricity exchange nord pool spot covers denmark finland sweden and norway. The nordic electricity market consists of various marketplaces that are time windows for physical trading in electricity.

The working group consists of experts from the ministries and energy authorities of denmark finland norway and sweden the four nordic countries. Nordic electricity market is a common market for electricity in the nordic countries it is one of the first free electric energy markets in europe and is traded in nasdaq omx commodities europe and nord pool spot in 2003 the largest market shares were as follows. Estonia latvia and lithuania deregulated their power markets and joined the nord pool market in 2010 2013. Estonia latvia and lithuania.

The group commissions analyses and provides advice to the energy ministers of the nordic countries. Elspot trades more than 80 percent of all electricity produced in the region and is the market we analyze in this paper. Six market zones in norway four in sweden two in denmark one in finland and one in each one of the baltic republics. The nordic power market is one of the most liquid power derivatives markets in the world and it has developed over the past 20 years with the objectives to reduce and minimize risks increase.

Integrating nordic and baltic markets. Nord pool spot is an exchange primarily servicing the players at the wholesale market for electricity. The wholesale electricity market of the nordic countries managed by the norwegian company nord pool comprises seven different countries with sixteen market zones. The main trading platform for physical energy is the day ahead market elspot operated by the nordic power exchange nord pool.

Vattenfall 17 fortum 14 1 statkraft 8 9 e on 7 5 elsam 5 pohjolan voima 5. The customers of nord pool spot are the producers retailers and traders who choose to trade with the electricity exchange. The day ahead market is the main arena for trading power and the intraday market supplements the day ahead market and helps secure balance between supply and demand. The day ahead market the intra day market and the balancing market.