The new weekly volume record follows a series of record-breaking days. On Wednesday 20 January, daily volumes reached a new all-time high, with 1.55 TWh traded for delivery the next day.
The high volumes in the day-ahead auction can be attributed to a combination of cold weather, giving rise to high consumption in the region and a general increased market activity with high customer commitment.
Welcoming the record volumes, Sami Oksanen, Director Nordic & Baltic at Nord Pool, said: “We are very happy to see volumes like these being achieved in our important Nordic and Baltic market. While we are seeing continuing growth in trading activity, our record volumes both confirm our strong and liquid market, and provide proof of the trustworthy Nordic power reference price provided by Nord Pool.”
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, 25 January 2016
For further information, please contact:
Stina Johansen, Head of Communications, +47 916 50 603
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