European power market Nord Pool, celebrating 30 years powering the market in 2023, is pleased to announce an agreement for cooperation and system delivery with Bursa Română de Mărfuri S.A. (BRM).
Under the agreement, Nord Pool will assist BRM in its goal of becoming Romania’s representative energy exchange.
The agreement between the two businesses will see Nord Pool delivering software and consulting services to create the market systems that will allow BRM to operate in the European single day-ahead and intraday markets as a Nominated Electricity Market Operator (NEMO - power exchange).
Nord Pool’s Director of Services, Lina Masiuliene, said: “We are delighted to be able to assist BRM by providing Nord Pool’s proven and successful power market platforms, which will enable the organisation to enhance its current offering and better serve its customers, as well as providing new options for power traders in the region. We look forward to working with BRM to help deliver on its ambitions to establish efficient, simple and secure cross-border power trading in Romania.”
Oana Popa, Director for Clients and Operations at BRM, added: “This cooperation symbolises a common willingness to promote a professional trading platform for the Romanian electricity spot market, through a long-term cooperation with Nord Pool. In this regard BRM expresses its positive expectations regarding future development of this project and aims to create a more efficient and integrated power market in the region.”
About Nord Pool
Nord Pool, Europe’s leading power market, delivers efficient, simple and secure trading across Europe. In 2023 the company, which is majority owned by Euronext, celebrates 30 years of powering the market. Nord Pool offers day-ahead and intraday trading, clearing and settlement, and additional services, to customers regardless of size or location. Today 360 businesses from 20 countries trade on Nord Pool’s markets.
Nord Pool operates markets in the Nordic and Baltic regions, Germany, Poland, France, The Netherlands, Belgium, Austria, Luxembourg and the UK. Nord Pool is a Nominated Electricity Market Operator (NEMO) in 15 European countries, while also servicing power markets in Bulgaria, Croatia and Georgia. In 2022 Nord Pool had a total turnover of 1077.35 TWh traded power.
Nord Pool’s three decades of power market experience built on offering flexibility, transparency, innovation, greater choice and participation to our customers.
Oslo, 1 March 2023
For further information, please contact:
Stuart Disbrey, +44 7887 409044 - [email protected]