Nord Pool has supported numerous power markets with consultancy on market design, rules development, implementation and IT services connected to robust and efficient operation.  

Based on extensive knowledge gained from the Nordic – Baltic and single European markets, coupled with a broad international experience, Nord Pool is a valued partner for any market in transition or which is engaged in a reform process.  

Examples of some recent Nord Pool Consulting projects: 

• In consultation with local stakeholders and with support from the World Bank, developed a Pilot Short-term Regional Electricity Market in Central Asia, as well as a step-by-step roadmap outlining transition arrangements to move from pilot to fully-fledged market. 

• Undertook numerous capacity building programmes, (e.g. for a Brazilian market operator, East Africa Power Pool entities and a Ukrainian major energy company) on the Nordic and European power market, clearing, market surveillance and financial power markets.  

• Assisted the National Energy Authority (NEA) of China - providing technical support, capacity building and feedback on the progress of unification of the Chinese electricity market. 

• Provided consultancy services for the establishment of an enabling agreement among ASEAN Member States for developing the Multilateral Power Trading and the ASEAN Power Grid Institutions. 

• Provided consultancy services for the development of South Africa’s electricity market operator function. 
  
  
• Provided consultancy and continuation services for the design, implementation and operation of electricity wholesale markets in Bulgaria, Croatia, Romania, Georgia and, most recently, Iceland. 
  
  

SERVICED PX: Powering Local Markets with Tailored Solutions 

As part of our Serviced Market Operations, we provide customized trading platforms and software solutions to a number of local power markets. Nord Pool Serviced PX provides end-to-end consultancy and IT services, covering market design, rule development, implementation and ongoing operations. Additionally, Serviced PX can enable robust market surveillance and facilitate the coupling of local power markets into the European internal market.  

Our Customers and Partners:

Icelandic Power Exchange (Project Phase) 

Key Services for Power Exchanges 

• Market Design and Regulatory Framework – Establishing a strong legal foundation and market-specific rules that align with local needs, while ensuring compliance with European market standards. 

• Ownership Structure and Organizational Set-Up – Defining governance, ownership models, financing and business strategies for sustainable market operations. 

• Customized Trading Platforms – Managing the end-to-end IT delivery process and tailoring trading systems to fit the unique requirements of each market. 

• Operational Processes – Providing comprehensive training on trading platforms and formalizing operational agreements to ensure smooth market functioning.  

• Business Continuity and Monitoring – Delivering ongoing customer support, market surveillance, and ensuring uninterrupted operations. 

Through Serviced PX, Nord Pool empowers energy markets with the expertise, technology and strategic support needed to drive efficiency, transparency and long-term success. 

 
TSO Services : Value Assistance to TSOs for Efficient and Transparent Market Operations

Nord Pool provides comprehensive support to Transmission System Operators (TSOs), collaborating on day-to-day market operations and addressing individual TSO’s needs. By facilitating day-ahead and intraday market solutions, we offer a wide range of services, including capacity allocation, congestion management, market clearing, including cross-border flow nominations and data services. Additionally, we assist TSOs with robust market surveillance to support the efficient operation of balancing energy and capacity markets. 

Key TSO Services: 

Operational Support and Market Services (general day-to-day market operations) 

• Capacity allocation to optimize cross-border flows 
  
  
• Shipping services, managing energy exchange nominations across national borders 
  
  
• Collection and distribution of congestion income 

Market Coupling Operator (MCO) Services 

• Supporting TSOs in European single market operations and EU - non-EU border market coupling 

Delegated Operator Services 

• Imbalance calculation and settlement 

• Data publication for electricity balancing markets 

• Enabling balancing markets and facilitating the exchange of balancing energy 

Market Surveillance for TSO Markets 

• Customized surveillance solutions for balancing markets 

• Development of tailored surveillance strategies 

Market Simulation and Impact Assessment 

• Evaluating market changes due to shifts in generation, consumption, or grid topology 

Questions?

To find out more about the numerous consultancy projects that Nord Pool has undertaken, please contact our strategic services team at [email protected]