Oslo/Amsterdam/Brussels, 17 February 2011 - Nord Pool Spot, APX-ENDEX and Belpex today announced the launch of cross-border intraday market for trading the Dutch-Belgian border.
The launch of the cross-border intraday market is a joint effort of Nord Pool Spot, APX-ENDEX, and Belpex, together with the Dutch and Belgian transmission system operators TenneT and Elia. The integrated cross-border trading solution is based on the existing Nord Pool Spot’s Elbas technology, a proven system already operated in the Nordic countries, Estonia and Germany. As announced earlier, the initial implementation of the integrated intraday markets include the Netherlands and Belgium and will be followed by integration of NorNed cable as well as the Dutch-German border.
The development of intraday markets is considered as a high priority due to increased renewable generation sources, which increases the demand for trading close to the time of delivery. Integrated regional and inter-regional markets, which offer easy access to bids and offers in other countries, are critical to the development of the market liquidity and follow the trend of integration of European electricity markets that started with the integration of the day-ahead markets in 2006.
The launch of cross-border intraday solution between the Netherlands and Belgium is another step forward in the integration of the European electricity markets.
About Nord Pool Spot
Nord Pool Spot runs the leading power market in Europe and offers both day-ahead and intraday markets to its customers. 350 companies from 18 countries trade on the market. The Nord Pool Spot group has offices in Oslo, Stockholm, Helsinki, Copenhagen, Tallinn and London. In 2010 the group had a total turnover of 310 TWh, which includes the auction volume in the UK market N2EX.
About APX-ENDEX & Belpex
APX-ENDEX is Europe’s premier provider of power and gas exchange services for the wholesale market, operating transparent platforms for short term and futures trading in the Netherlands, the United Kingdom and Belgium. Established in 1999, APX-ENDEX provides exchange trading, central clearing & settlement and data distribution services. APX-ENDEX has over 390 memberships from more than 15 countries. APX-ENDEX offers benchmark data and provides industry indices.
Belpex is a 100% subsidiary of APX-ENDEX.
APX-ENDEX’s offices are located in Amsterdam, Brussels, London and Nottingham.
For more information please visit www.apxendex.com and www.belpex.be
Lysaker, 17 February 2011 14:00 CET
For further information, please contact:
Karri Mäkelä, Director IT, Nord Pool Spot,
phone +358 9 6840 4810
Stina Johansen, Communications manager Nordic, Nord Pool Spot,
phone + 47 916 50 603