Nord Pool Spot will launch a new bidding area called Estlink in Estonia on 1 April 2010. The new area will connect Estonia to the Nordic power market, offering Baltic participants a liquid market and a trustworthy reference price.
“The necessary amendments to the Estonian legislation are now in place, and we are pleased to announce that Nord Pool Spot will open the new bidding area in line with our plans”, says CEO Mikael Lundin. “The long term goal remains the same: To create a Baltic market connected to the Nordic market through Nord Pool Spot”.
About Nord Pool Spot
Nord Pool Spot runs the largest physical power market in the world, offering both day-ahead and intraday markets to its participants. 330 companies from 20 countries trade on the exchange. The Nord Pool Spot group has offices in Oslo, Helsinki, Stockholm, Fredericia (Denmark) and London. Nord Pool Spot is owned by the Nordic transmission system operators. In 2009 the group had a turnover of 287 TWh representing a value of EUR 10.8 billion.
Lysaker, 2 February 2010
For further information, please contact Nord Pool Spot:
Karri Mäkelä, director operations, phone + 35 84 07 32 08 60
Siw Hauge, director communications, phone + 47 90 61 59 92