Nord Pool, Europe’s leading power market, has announced its trading figures for 2019, with the year seeing a new volume record for the company in intraday trading.
During 2019 a total of 494 TWh of power was traded through Nord Pool, including the Nordic and Baltic day-ahead market (381.5 TWh), the UK day-ahead market (94 TWh), and record volume from Nord Pool’s intraday markets (15.8 TWh). Meanwhile Nord Pool’s newly launched central and western Europe day-ahead market achieved almost 2.5 TWh of power traded by year end.
Commenting on the strong trading volumes Nord Pool saw in 2019, Kari Ekelund Thørud, CEO of Nord Pool, said: “In a year of change for Nord Pool it is great to see strong numbers being recorded once again, which in turn speaks of the high levels of trust and customer commitment which continue to be placed in us. During 2019 Nord Pool opened our full trading offer in central Europe – seeing volume increase in our new markets is very encouraging.
“The solid results we are seeing delivered also reflect Nord Pool’s on-going commitment to creating a competitive and efficient single European power market for our customers, regardless of their size or where they trade. As power market competition widens across Europe in 2020, we will strive to continue to do what we do best – delivering simple, efficient and secure power-trading for our customers.”
In 2019 Nord Pool’s intraday markets achieved all-time high results, with 15.8 TWh traded, nearly doubling the figure of 8.2 TWh achieved in 2018. This included year-on-year intraday trading growth in Germany of more than 200%. June saw monthly intraday trading records in Austria, Belgium, Denmark, France, Germany and Norway, while in December we saw a monthly record for total intraday trading of 1.95 TWh. In July automated trading also made its presence felt, when – for the first time – more than half (52%) of intraday volume traded through Nord Pool across all markets was by Application Program Interface (API).
The average system price in the Nordics during 2019 was 38.97 EUR/MWh, down from last year’s figure of 43.99 EUR/MWh.
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 360 companies from 20 countries trade on Nord Pool’s markets.
Nord Pool operates markets in the Nordic and Baltic regions, Germany, France, the Netherlands, Belgium, Austria and the UK. Nord Pool is a Nominated Electricity Market Operator (NEMO) in 15 European countries, while also servicing power markets in Croatia and Bulgaria. In 2019 Nord Pool had a total turnover of 494 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.
Oslo, 9 January 2020
For further information, please contact:
Stina Johansen, +47 916 50 603 - [email protected]