During 2022 a total of 1077 TWh* of power was traded through Nord Pool (12% up on 2021).
The Nordic and Baltic day-ahead market traded 696.34 TWh and the UK day-ahead market 232 TWh (58% up on 2021) while Nord Pool’s western and central Europe day-ahead market (covering Austria, Belgium, France, Germany, Luxembourg, The Netherlands and Poland) achieved 111.1 TWh – an increase of 63% on 2021’s figure. Total intraday trading for the year stood at 37.7 TWh, a growth of more than 50% on the previous year’s total, with Nord Pool’s western and central Europe intraday market showing 89% growth on last year, achieving 23.1 TWh in 2022.
Commenting on the strong trading volumes seen in 2022, Tom Darell, CEO at Nord Pool, said: “There is no escaping the fact that 2022 proved to be a very challenging year not just for the energy sector, but across the globe. We witnessed unprecedented market volatility including record high prices, which really put the operation of a transparent and efficient power market under intense pressure.
“Against such a backdrop it has been good to see Nord Pool continuing to record strong and steady annual trading figures, with particularly encouraging growth in our western and central Europe and UK markets. In my view this illustrates that, in spite of our having to operate in an increasingly unpredictable environment, our customers across Europe continue to place a great deal of trust in Nord Pool delivering simple, efficient and secure power trading.”
Tom Darell continued: “Not only is the energy sector in the spotlight because of world events, but power market competition is also now well-established throughout Europe. These circumstances - combined with an intensified drive to increase the role of renewables in the power market - make it ever-more important that Nord Pool should continue to deliver robust trading volumes.
“The continued strength of Nord Pool’s markets is evidence that trading customers in the Nordic and Baltic region, in the UK and in continental Europe, have faith in our competitive and efficient approach to power trading.”
The average system price in the Nordics during 2022 was 135.86 EUR/MWh.
* Trading volume quoted for Nord Pool’s markets comprises all buy volume (total volume bought per hour by market participants) plus all sell volume (total volume sold per hour by market participants) within each bidding zone.
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, 23 January 2023
For further information, please contact:
Stuart Disbrey, +44 7887 409044 - [email protected]