Nord Pool Spot, Europe’s leading power market, has today released record traded volume figures for 2014 – breaking 500 TWh for the first time.
During 2014, a total of 501 TWh of power was traded, up from 493 TWh in 2013. The volumes encompass the Nordic and Baltic day-ahead market (361 TWh), the Nordic, Baltic and German intraday market (4.9 TWh) and day-ahead volume in the UK power market N2EX (135.5 TWh).
The strong numbers follow a year where Nord Pool Spot played a leading role in the launch of the North-West Europe (NWE) day-ahead price coupling - a landmark in the integration of the European power market. The company also successfully took over the UK market N2EX, enabling customers to have trading, clearing and settlement with one counterpart and, before year-end, launched a brand new European intraday system, Elbas 4.
Acknowledging the successful year Mikael Lundin, CEO of Nord Pool Spot, said: “Our 2014 results secure our position as Europe’s leading power market. We are proud to have achieved another volume record in a year when the European power markets came closer together.
“In an integrated European power market, focusing on our customers’ needs is key. We want to make power trading easy – by creating the opportunity to use a single trading platform across major European countries.”
During the year Nord Pool Spot’s intraday market for the Nordic/Baltic region and Germany Elbas, replaced by the newly launched Elbas 4, achieved all-time high results with 4.9 TWh traded, compared to 4.2 TWh in 2013.
In the Nordic and Baltic day-ahead auction Elspot, volumes reached 361 TWh compared to 349 TWh in 2013. The average system price in the Nordics during the year stands at 29.61 EUR/MWh.
In the UK, volumes traded on the strong N2EX day-ahead auction, reached 135.5 TWh.
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 2014 the group had a total turnover of 501 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, 12 January 2015
For more information please contact:
Stina Johansen, Head of Communications, +47 916 50 603 (press inquiries)