On 17 November Nord Pool Spot was selected winner of the prestigeous Energy Transparency Award at a ceremony in Brusseles. The award is managed by the Florence School of Regulation and distinguishes a company or institution for its particular contribution to the transparency of energy markets in Europe.
- Transparency is the basis for trust in the market. We are honoured to receive this award, which is an acknowledgement of Nord Pool Spot’s efforts in providing information to the participants, said Mikael Lundin, CEO of Nord Pool Spot.
The Selection Committee included Prof. Jean-Michel Glachant, Prof. Peter Kaderjak and Jorge Vasconcelos.
- Transparency permits the participants to take appropriate business decisions and provides a more equal chance to benefit from market opportunities, said President of the Selection Committee Jorge Vasconcelos.
- The simplicity, efficiency and transparency of Nord Pool Spot has been recognized for more than 15 years now. The committee wishes to congratulate them and to encourage them to continue their work in support of more transparent and more efficient energy markets, Vasconcelos said during the ceremony.
Twelve companies or institutions were nominated and evaluated according to eight criteria: Effectiveness, efficiency, reproducibility, innovation, simplicity of design and implementation, responsiveness to users’ needs, leverage and contribution to market oversight improvement. The award has been organised for the first time in 2010.
About Nord Pool Spot
Nord Pool Spot runs the largest market for electrical energy in the world, offering both day-ahead and intraday markets to its participants. 330 companies from 20 countries trade on the exchange. The Nord Pool Spot group has offices in Oslo, Helsinki, Stockholm, Fredericia (Denmark), Tallinn and London. Nord Pool Spot is owned by the Nordic transmission system operators. In 2009 the group had a turnover of 288 TWh representing a value of EUR 10.8 billion.
The Florence School of Regulation
The Florence School of Regulation is a project hosted by the Robert Schuman Centre for Advanced Studies at the European University Institute. The Florence School of Regulation (FSR) was founded as a partnership between the Council of the European Energy Regulators (CEER), the European Commission and the European University Institute in 2003. The high importance of network industries regulation in Europe was the basis for the establishment of an independent centre of research, training and discussion. Since its foundation, the scope of the school covers the regulation of the energy sector (gas and electricity); since 2009 the regulation of the communications and media sector; and since spring of 2010 the regulation of the transport sector.
At the Florence School of Regulation academics and both private and public players interact. The objectives of the Florence School of Regulation are to promote informed discussions on key policy issues, through workshops and seminars, to provide state-of-the-art training for practitioners (from European Commission, National Regulators and private companies) and to produce analytical and empirical researches about regulated network industries. The international nature of the school, naturally leads towards the dissemination of best practices, foreseeing new challenges and requirements and the development of a common regulatory language and regulatory culture across Europe.
Lysaker, 22 November 2010 13:05 CET
For further information, please contact Nord Pool Spot:
Siw Hauge, director communications, phone +47 90 61 59 92