Nord Pool Wins EPAD Tender
Nord Pool has won a tender from Statnett, the Norwegian energy transmission system operator, to run its EPAD (Electricity Price Area Differentials) futures contract auctions.
The new auctions will see Statnett buying and selling monthly, quarterly and calendar capacity contracts on three borders (NO1/NO2, NO1/NO5, NO3/NO4). They will take place twice a month, with the aim of commencing at the end of 2024.
Commenting on the tender success, Tom Darell, CEO at Nord Pool, said: “We are pleased to be able to provide the unique experience and expertise in auction organization and market design that will allow Statnett to deliver a simple, secure and liquid EPAD auction market for Norway.
Genex and Nord Pool launch Georgian power market
Nord Pool and the Georgian Energy Exchange JSC. (GENEX) have announced the successful launch of Georgia’s first day-ahead and intraday power trading market.
The go-live of the market, which opened and recorded its first trade last month, is the result of a cooperation agreement - with Nord Pool providing GENEX with key power trading systems.
Tom Darell, CEO at Nord Pool, commented: “The team at Nord Pool has been working very closely with our partners at GENEX to help develop a modern, efficient, transparent and secure energy trading capability. We are proud to bring our established heritage, expertise and technology to new markets across Europe.”
Market Data - Don't Forget to Change
Nord Pool no longer provides support for our Market Data API v1, with related endpoints being removed on Tuesday 1 October. Users now need to migrate to the latest version, to avoid any service disruptions.
Our new API v2 consolidates multiple endpoints into one and introduces new API endpoints providing curve data for countries as well as contract statistics or total intraday statistics for a given date and bidding zone. Intraday Delayed and Hub to Hub Capacities APIs are not affected.
If you have any questions about the change, please contact: [email protected].
Free Seminars for Sustainability
As part of Euronext Sustainability Week 2024, Nord Pool will be hosting two free webinars next month, focusing on the importance of renewable power:
Wednesday 11 September: Navigating Tomorrow’s Energy Landscape
Discover how market dynamics are driving the shift towards a sustainable society and learn about the path to a carbon-free grid and the pivotal role of market forces in this exciting transformation.
Friday 13 September: Dynamic Tariffs and Impact on Consumers
Our industry experts will delve into the future of electricity pricing in Europe, including a look at Dynamic Tariffs and their impact on consumers.
The Power Market Explained
Our next Physical and Financial Power Market Course takes place on 29 - 30 October 2024, with a choice of attending in person in Oslo, or online.
Join us to unravel the complexity of the power market on a dedicated course which has proved very popular with traders and investors, as well as those with a more general interest in the increasingly important energy sector - including lawmakers, energy regulators, journalists and investors.
New and Networking in Milan
Our Executive Vice President, Pietro Rabassi and Market Manager Western and Central Europe, Marian Kilen will be hosting a free Regional Meeting event in Milan, on the evening of Thursday 12 September.
This specially-arranged event will include presentions on key power market topics and important updates, followed by a drink reception, where attendees can network with the energy sector’s leading figures in the beautiful Palazzo Mezzanotte, in the Roman ruins area.
Looking at July's Prices
The latest in Nord Pool’s monthly price summary video gives an overview of July's power prices. It is delivered this month by Atle Torgersen, who is part of our dedicated day-ahead team.
Remember - you can always get detailed up-to-date and historical market data at our dedicated data portal.