Across the Nordic, Baltic, UK and central and western European markets (Austria, Belgium, France, Germany, Luxembourg, the Netherlands and Poland), day-ahead trading volume achieved 1,036 TWh. Meanwhile, as an indicator of the ‘green shift’ from traditional fossil fuels towards an increased reliance on renewables, intraday trading volume for 2024 was up more than 50% on the previous year, standing at 114 TWh across Europe.
Tom Darell, CEO at Nord Pool, a Euronext business, said: “Continued volume growth in almost all markets during 2024, as well as increased uptake of our data products and expansion of our serviced markets, speaks to the on-going trust and confidence our customers place in Nord Pool. This reminds us that we must continue to deliver the simple, efficient and secure power trading on which those customers rely.
“The strong growth seen in intraday trading reflects our commitment to innovating, investing in and developing the required technological infrastructure to give access to the growing amount of renewable energy seen in that market. With intraday order books across many markets in Europe at last being shared until delivery, our customers tell us that this is the kind of effective and modern trading environment they want and need.”
Camille Beudin, Chairman of the Board at Nord Pool, commented: “Nord Pool’s commitment to delivering robust and dependable power market products and services to answer our customers’ evolving requirements, is unquestionable.
“But, more than that, our commitment to enter the power derivatives market this year sees Nord Pool also amply illustrating its dedication to the future of well-functioning power trading markets.”
The average system price in the Nordics during 2024 was 36.06 EUR/MWh, down more than 35% on the 2023 figure.
*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, the European power market, delivers efficient, simple and secure trading across Europe. The company, which is majority owned by Euronext, offers day-ahead and intraday trading, clearing and settlement, and additional services, to customers regardless of size or location. Today 400 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 2024 Nord Pool had a total turnover of 1150 TWh traded power.
Nord Pool’s more than 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:
Stuart Disbrey
Communications Director
[email protected]
Irene Zeier
Communications Director
[email protected]
Oslo, 22 January 2025