Nord Pool Spot’s intraday market Elbas saw its weekly volumes exceed 113 GWh for the week 13-19 May 2013, the highest weekly volumes traded since the Elbas market was launched in 1999.
The high volumes can be attributed to an all-time high number of trades in the market, an all-time high volume in Sweden and the highest volume in Norway for over a year. Total volume traded on the Elbas market since 1 January 2013 is 1.45 TWh, which corresponds to a 14 per cent increase in trading volume compared with the same period last year. New members have joined the Elbas market during 2013 and 120 members trade actively on Elbas on a daily basis.
Elbas is a continuous cross-border international intraday market where adjustments to trades in the day-ahead market are made. Elbas plays an important complementary role in creating an efficient power market, as a variety of European counterparts trade power contracts comprising different power sources, close to delivery hour.
Elbas was launched in 1999 and has, during its 14 years of operation, been continuously developed to meet the specific needs of pan-European power markets.
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, 23 May 2013
For further information, please contact:
Stina Johansen, Head of Communications, +47 916 50 603