Nord Pool Spot’s day-ahead auction Elspot saw weekly volumes reach 9.0 TWh last week (21-27 January), the highest weekly volumes traded in the market’s 20 year history. The new weekly volume record follows a series of record-breaking days. On Wednesday 23 January, volumes reached a new all-time high, with 1.36 TWh traded for delivery the next day.
The high volumes can be attributed to a combination of increased market share for Nord Pool Spot, which means that more power is traded in the day-ahead auction Elspot, and cold weather, with large consumption in the Nordic region.
Welcoming the record volumes, Mikael Lundin, CEO of Nord Pool Spot, said: “We are very pleased that these volumes are being achieved in our important Elspot market. While we are seeing continuing growth in market share in the Nordic countries, at the same time we have successfully launched Lithuania in the Nord Pool Spot market last year, with Estonia announcing the full opening of its power market this January. Our record volumes both confirm our strong and liquid market, and provide proof of the trustworthy Nordic power reference price provided by Nord Pool Spot.”
About Nord Pool Spot
Nord Pool Spot operates Europe’s leading power markets, offering both day-ahead and intraday trading to its members. 370 companies from 20 countries trade on Nord Pool Spot’s markets in the Nordic and Baltic regions, and on our UK market N2EX. In 2012 the group had a total turnover of 432 TWh traded power. Our markets are operated from offices in Oslo, Stockholm, Helsinki, Copenhagen, Tallinn and London. Nord Pool Spot strives continually to strengthen its business by working with integrity, together with members and stakeholders, to achieve excellence.
Lysaker, 28 January 2013
For further information, please contact:
Stina Johansen, Head of Communications, +47 916 50 603