Nord Pool, Europe’s leading power market, has seen its first trades on its extended intraday market in Germany.
The extended intraday market trading in the German TSO areas was launched on Thursday 11th February, seeing trades with a total volume of 173.5 MWh on its first day. The new extended intraday trading allows orders to remain available in the Nord Pool Intraday market in the TSO area in which they have been entered after the TSO borders close, only expiring at the time of delivery.
Welcoming the first trades Hans Randen, Director of Central European Markets at Nord Pool, said: “We have been pleased to bring this new opportunity to our intraday customers, providing an alternative to OTC trading for achieving a balanced position after TSO borders close.
“We aim to simplify our customers’ lives and bring down their costs, by offering API and easy-to-use trading, with clearing and settlement undertaken by Nord Pool.”
Customers wanting to find out more about extended intraday trading in Germany should email [email protected], call +47 67 10 91 15, or visit the Nord Pool team at E-world, stand 3-220, 16th to 18th February.
About Nord Pool
Nord Pool operates Europe’s leading power markets, offering both day-ahead and intraday trading to its members. 380 companies from 20 countries trade on Nord Pool’s markets in the Nordic and Baltic regions, and on our UK market N2EX. In 2015 the group had a total turnover of 489 TWh traded power. Our markets are operated from offices in Oslo, Stockholm, Helsinki, Tallinn and London. Nord Pool strives continually to strengthen its business by working with integrity, together with members and stakeholders, to achieve excellence.
Lysaker, 15 February 2016
For further information, please contact:
Stina Johansen, Communications Director, +47 916 50 603