Market Surveillance Newsletter
In their latest quarterly newsletter, the experts in our dedicated Market Surveillance team have addressed an important development in the markets – second auctions.
Taking as its focus the Nordic, Baltic and western central European markets, this latest newsletter helpfully summarises the operational procedure for second auctions; explains the purpose of the second auction; and also addresses the key question of how market participants can modify orders, while still remaining compliant with REMIT.
Announcing 2022 Trading Figures
Nord Pool has announced trading figures for 2022, with the year revealing solid growth across our markets.
During 2022 a total of 1077 TWh of power was traded through Nord Pool. The Nordic and Baltic day-ahead market traded 696.34 TWh and the UK day-ahead market 232 TWh, while Nord Pool’s western and central Europe day-ahead market achieved 111.1 TWh of power traded by year end. Total intraday trading for the year stood at 37.7 TWh.
Tom Darell, CEO at Nord Pool, said: “In 2022 we witnessed unprecedented market volatility including record high prices, which 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. Customers across Europe continue to place a great deal of trust in Nord Pool delivering simple, efficient and secure power trading.”
Nord Pool Certified Compliance Course
Let our dedicated Market Surveillance experts share their decades-worth of experience on how to comply with the most recent laws and regulations governing the European physical power market.
2022 has seen a great deal of speculation and debate among energy sector stakeholders and in the media about high electricity prices, their causes and the background to the energy crisis.
Nord Pool operates the power market across 16 European countries, making us very well placed to constructively contribute to the discussion around energy markets, price formation and the underlying causes of the current crisis.