The regulatory body will contribute to the exchange of information, be a forum for discussing market development and assist the national regulatory authorities in their work with transparency, integrity and governance of the market.
- We welcome this initiative from the regulators in the Nordic region. We believe that a closer dialogue with the relevant regulators can benefit Nord Pool Spot, the regulators and the market as a whole, says Mikael Lundin, CEO of Nord Pool Spot.
NVE is the regulator for Nord Pool Spot and issues the market licence for the exchange. The relationship with NVE will not be changed by the establishment of a new regulatory body.
- As we expand to and couple with new markets the need for communication with regulators in all markets increases. This body will be a useful forum for discussions and sharing of information, says Mikael Lundin.
Yvonne Fredriksson, Chairman of NordReg Board 2010, congratulates Nord Pool Spot on being the winner of the prestigious “Energy Transparency Award” , assigned by the Florence School of Regulation:
- This truly shows that the efficiency and transparency of Nord Pool Spot is widely recognized and encourages us all to further develop the Nordic electricity market model and enhance innovative cross-border cooperation while continuing the integration of the electricity market within the EU, says Yvonne Fredriksson, Chairman of NordReg Board 2010.
Link to announcement on the website of NordREG
Lysaker, 13. December 2010 14:45 CET
For further information, please contact Nord Pool Spot:
Siw Hauge, director communications, phone +47 90 61 59 92
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.