Two of the owners of the Estlink capacity, Latvenergo and Eesti Energia, have offered Estlink capacity to the new Estonian market established by Nord Pool Spot.
- The agreement to let capacity to the Estonian and Finnish transmission system operators Elering and Fingrid means that now there is enough capacity for opening the Estlink bidding area, says Karri Mäkelä, director operations in Nord Pool Spot.
Negotiations about capacity are still going on, with the possible outcome of even more capacity being allotted to the new market before it opens. Nord Pool Spot will inform the market about the final capacity on 22 March 2010.
- Latvenergo and Eesti Energia are showing their support to the process of establishing a future Baltic market through sharing their capacities with the open market, says Mäkelä.
Nord Pool Spot will launch the new Estlink bidding area 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 long term goal is to create a Baltic market connected to the Nordic market through Nord Pool Spot.
About Nord Pool Spot
Nord Pool Spot runs the largest electrical energy 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, 8 March 2010 12:55 CET
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