Nord Pool, the European power market, and Elma energy exchange in Iceland announce the launch of intraday trading in the Icelandic power market, marking the next milestone in the development of Iceland’s short-term electricity trading framework.
The start of intraday trading follows the successful introduction of day-ahead trading in March 2025 and enables market participants to trade electricity closer to real time, improving flexibility in system operations and supporting a more efficient balancing of supply and demand.
Tom Darell, CEO at Nord Pool, a Euronext company, said:
“Launching intraday trading is a significant step in the evolution of the Icelandic power market. Intraday trading allows market participants to respond to updated forecasts and changing market conditions, strengthening operational efficiency and supporting security of supply. We are pleased to continue our close cooperation with Elma in delivering a modern and transparent power market for Iceland.”
Katrín Olga Jóhannesdóttir, CEO at Elma, added:
“The introduction of intraday trading further enhances the Icelandic power market by giving participants greater flexibility and improved tools to manage their positions throughout the trading day. This reinforces price transparency, supports system security and contributes to a well-functioning and competitive electricity market. We are proud to reach this milestone together with Nord Pool.”
With the launch of intraday trading, the Icelandic power market now offers a more complete short-term trading set-up, aligned with established European market models and designed to support the continued development of Iceland’s energy system.
About Elma
Elma is Iceland’s power exchange, providing an organized, secure, and transparent marketplace for electricity trading in co-operation with Nord Pool. Founded in 2022 and owned by Landsnet, Iceland’s transmission system operator, Elma supports the development of a more efficient and competitive Icelandic electricity market. The company operates market solutions for short-term electricity trading, including the day-ahead market, as well as an electronic auction platform for long-term electricity contracts. Through trusted market infrastructure, transparent price formation, and efficient trading processes, Elma contributes to improved competition, investment signals, and energy security in Iceland.
About Nord Pool
Nord Pool is the world’s first multinational power exchange and a leading European electricity market operator. Established in 1996 following the creation of the first cross-border power market between Norway and Sweden, Nord Pool has played a pioneering role in the development of competitive and transparent electricity markets in Europe.
Nord Pool comprises a commercial power exchange function, Nord Pool, and a Market Coupling Operator function, Nord Pool European Market Coupling Operator. The company supports efficient price formation and cross-border electricity trading, contributing to the integration of renewable energy and the development of the European energy market.
For more information, please contact:
Irene Zeier
Communications Director
[email protected]
Oslo, 6 May 2026