Welcome to 2023 - 30 years of Nord Pool!
As we welcome the New Year, Nord Pool is celebrating it’s 30th anniversary - three decades powering the market.
In 1993 Nord Pool began, as a solely Norway-based business, called Statnett Marked. Just three years later, we pioneered cross-border power trading, establishing Nord Pool as a name for the first time, with a Norwegian-Swedish power exchange.
Since Nord Pool achieved a world first by organising cross-border power trading, we have continued to shape Europe’s coupled power market.
We thank all our customers, partners and other stakeholders for their support for Nord Pool’s work over the past 30 years – we hope you enjoy a peaceful and prosperous 2023.
Announcing 2022 Trading Figures
Nord Pool has announced trading figures for 2022, with the year revealing solid growth across our markets.
During 2022 a total of 1077 TWh of power was traded through Nord Pool. The Nordic and Baltic day-ahead market traded 696.34 TWh and the UK day-ahead market 232 TWh, while Nord Pool’s western and central Europe day-ahead market achieved 111.1 TWh of power traded by year end. Total intraday trading for the year stood at 37.7 TWh.
Tom Darell, CEO at Nord Pool, said: “In 2022 we witnessed unprecedented market volatility including record high prices, which 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. Customers across Europe continue to place a great deal of trust in Nord Pool delivering simple, efficient and secure power trading.”
Helping the Energy Transition
Nord Pool is delighted to have joined smartEn the European business association supporting the renewable energy system. We look forward to working with the organisation and its diverse membership to help realise Europe’s green energy transition.
Lina Provides Expertise
Nord Pool’s Director of Services, Lina Masiuliene, has been appointed to the Supervisory Board of Ukraine’s JSC ‘Market Operator’, where her wealth of experience around day-ahead and intraday power market operation will provide invaluable insight.
ACER decides on HMMCP
We are pleased to share that ACER has provided a long-anticipated decision on the Harmonised Maximum and Minimum Clearing Prices (HMMCP) methodologies for the Single Day-Ahead Coupling and Single Intraday Coupling – which are now in force.
You can find full details of the decision here.
If you have any questions on this please contact: [email protected]
Have Your Say on SDAC Products
A public consultation on the products to be included in the Single Day-Ahead Coupling methodology has now been opened.
Interested parties can have their say here.
Sharing Balkans Expertise
We were delighted that our market coupling specialist Isidora Micic was able to present at a specially arranged event to examine energy initiatives for the western Balkan region, recently.
This gathering was held at Norway’s Ministry of Foreign Affairs to hear from a variety of expert stakeholders about how Norwegian knowledge can assist the development of the power sector in the area.