New Market for Iceland
Nord Pool is pleased to announce the signing of an agreement with Elma energy exchange in Iceland to cooperate on the launch of Iceland’s first short-term physical electricity trading market.
The new Elma power market will start with day-ahead trading, with intraday trading intended to follow at a later date.
Welcoming Iceland’s new power market, Tom Darell, CEO at Nord Pool said: “We are delighted to announce our success in the rigorous selection process to partner with Elma in pioneering the development of a new day-ahead trading market for Iceland. Operating an organized power market for the first time is a huge step forward for Iceland. It will bring important benefits in terms of efficiency, transparency, provision of reliable investment signals and reinforcement of security of supply.”
The market’s launch date has yet to be determined, but is expected to be in late 2024 or early 2025.
UK Market Recoupling - `No Regrets`
The UK is at a pivotal point in determining its energy future. With renewables inexorably rising in the power trading mix, it is vital that the UK remains able to deliver efficient and cost-effective energy to consumers.
The UK Department for Energy Security and Net Zero (DESNZ) intends to introduce legislation which would recouple GB’s two separate day-ahead markets into one - calling this a ‘no-regrets’ solution to progressing development of cross-border arrangements and fulfilling EU-UK Trade and Cooperation Agreement obligations.
But recoupling only the UK's day-ahead markets, without also simultaneously coupling intraday, is an awfully long way from ‘no regrets’.
Find out why in our latest whitepaper.
Pooling Resources
We are pleased to welcome Energy Pool as the latest trading member to join Nord Pool.
Energy Pool uses smart energy management solutions to optimize power consumption for its clients, ensuring efficient and sustainable energy management.
The Nord Pool team looks forward to working closely with Energy Pool to deliver simple, efficient and secure power trading for their business.
Ending SFTP support
Nord Pool will be discontinuing support for SFTP/FTP (Secure File Transfer Protocol) technology at the end of December 2024.
The decision to end support for this technology has been driven by industry changes and our upgrading of internal systems. A specific cutoff date will be published once we have more information on the expected timeline.
Most market data files accessible via SFTP/FTP can already be accessed through the Nord Pool Market Data API or our web-based Data Portal. Users will need to transition their subscriptions before the end of the year, to ensure continued access to our data services.
For assistance or enquiries, please email: [email protected].
Trade the new IDAs *FREE*
New Intraday Auctions (IDAs) are launching on Thursday 13 June 2024 (subject to final go-live confirmation).
Nord Pool is pleased to announce that there will be no fees associated with trading on the Intraday Auctions with Nord Pool, throughout 2024 – you can trade the IDAs for free.
Members are advised to request production portfolios now, to be ready to take advantage of this fee holiday.
New IDA production portfolios can be requested by emailing: [email protected] or via your local market manager. Please ensure you request production portfolios no later than Friday 24 May.
Working with Preisenergie
Nord Pool is pleased to have completed a co-operation agreement with Preisenergie GmbH, designating them an authorized reseller of the Nord Pool Electricity Retailers License in Germany.
Preisenergie provides cutting-edge pricing software for energy retailers, encompassing dynamic tariff calculation, load forecasting, marketing and billing solutions. Our collaboration ensures retailers have seamless access to Nord Pool's electricity spot market data, simplifying dynamic tariff management.
Looking at April's prices
Our latest Nord Pool price summary video looks in greater depth at April's power prices, guided by our day-ahead trading expert, Christian.
To find more detailed current and historical market data, visit our dedicated data portal.