The integration of BRM’s trading platform into SIDC marks another important milestone towards increasing the efficiency of the single European Electricity Market. Market participants operating across countries will benefit from an Electricity Market that becomes more liquid and therefore increasingly competitive. More market participants will be joining SIDC, allowing for more assets to react to price signals and therefore adding flexibility and reducing price volatility.
Nord Pool’s CEO, Tom Darell, commented: “We are delighted to see the results of a successful collaboration between Nord Pool and BRM. We will provide a market leading platform as-a-service to BRM, and we will continue the work together towards a successful launch of a Day-ahead market later this year.”
Key Highlights:
- BRM’s collaboration with Nord Pool in 2022 marked the beginning of a strategic partnership aimed at enhancing Romania’s energy market.
- BRM’s trading platform now leverages Nord Pool’s robust systems, challenging the incumbent monopoly power exchange in Romania.
- By joining SIDC, BRM contributes to the overall efficiency of the single European Electricity Market. Market participants across countries will benefit from increased liquidity and competitiveness.
The SIDC currently couples the continuous intraday markets of 25 countries, including Austria, Belgium, Bulgaria, Croatia, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Italy, Latvia, Lithuania, Luxembourg, Norway, The Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, and Sweden.
With a broad serviced markets offering Nord Pool continues to drive innovation and efficiency across the European energy sector.
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, celebrated 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 370 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 16 European countries, while also servicing power markets in Bulgaria, Croatia and Georgia. In 2023 Nord Pool had a total turnover of 1103.83 TWh traded power.
Nord Pool’s three decades of power market experience is built on offering flexibility, transparency, innovation, greater choice and participation to our customers.
For more information, please contact:
Irene Zeier
Communications Director
[email protected]
Oslo, 23 May 2024