In Q4 2018 it is expected that the Nordic and Baltic Multi-NEMO Arrangements will take effect. In connection with this, Nord Pool will change the logic for the System Price calculation for the connections between Finland and Estonia (Estlink 1 and Estlink 2) and Sweden and Lithuania (NordBalt).
Starting from 9 January 2019, the flow calculated for these interconnectors in the area price calculation will be used as an input in the System Price calculation. As a result, a separate flow at System Price will no longer be calculated for the Estlink and NordBalt cables. This method of using the area price flow as an input into the System Price calculation already applies for interconnections between the Nordic region and Germany, the Netherlands and Poland.
About Nord Pool
Nord Pool, Europe’s leading power market, delivers efficient, simple and secure trading across Europe. The company offers day-ahead and intraday trading, clearing and settlement to customers regardless of size or location. Today 380 companies from 20 countries trade on Nord Pool’s markets.
Nord Pool operates markets in the Nordic and Baltic regions, Germany and the UK, and is a Nominated Electricity Market Operator (NEMO) in 15 European countries, while also servicing power markets in Croatia and Bulgaria. In 2017 Nord Pool had a total turnover of 512 TWh traded power. The company has offices in Oslo, Stockholm, Helsinki, Tallinn, London and Berlin.
Nord Pool has 25 years of power market experience built on offering flexibility, transparency, innovation, greater choice and participation to our customers.
Lysaker, 16 May 2018
For further information, please contact:
Nord Pool desk: [email protected]
Stina Johansen, Comunications Director, +47 916 50 603 (for press enquiries)