During 2015, a total of 489 TWh of power was traded, encompassing a new Nordic and Baltic day-ahead market trading record (374 TWh), the Nordic, Baltic and German intraday market (5 TWh) and day-ahead trading in the UK power market N2EX (110 TWh). A total of 380 members are active at Nord Pool Spot across nine countries.
The Nordic and Baltic day-ahead market saw strong numbers as volumes increased to 374 TWh, up from last year’s 361 TWh. The average system price in the Nordics during the year stands at 20.98 EUR/MWh, the lowest since 2000.
Welcoming the strong volumes in the Nordic and Baltic market Mikael Lundin, CEO of Nord Pool Spot, said: “2015 showed that our determination to work closely with our members to develop current and new markets delivered solid results. We are happy to see these strong numbers and the high customer commitment that they reflect.
“We spent much of 2015 unifying our product and service offering so that we can provide increasingly cost efficient trading and simplify life for all our customers – regardless of their size or location. The year saw much modernisation, innovation and growth from Nord Pool Spot, including the introduction of our new Day Ahead Web and Intraday Web systems, our re-launch of intraday trading in the UK and new services for REMIT reporting. We received acceptance as a NEMO in 10 markets across Europe, giving us a good foundation for future development. During 2015 Nord Pool Spot signed agreements to service power exchanges in Bulgaria and Croatia and will be playing a key role in the development of modern, transparent energy trading in these countries.”
Nord Pool Spot has played a lead role in the creation of the single, integrated European power market working closely with other Power Exchanges and with Transmission System Operators to develop and extend the Multi-Regional Coupling (MRC), which now accommodates some 85% of Europe’s electricity demand. MRC operates on a common price coupling algorithm and calculation, Price Coupling of Regions (PCR), developed and run by a grouping of European Power Exchanges including Nord Pool Spot.
About Nord Pool Spot
Nord Pool Spot operates Europe’s leading power markets, offering both day-ahead and intraday trading to its members. 380 companies from 20 countries trade on Nord Pool Spot’s markets in the Nordic and Baltic regions, and on our UK market N2EX. In 2015 the group had a total turnover of 489 TWh traded power. Our markets are operated from offices in Oslo, Stockholm, Helsinki, Copenhagen, Tallinn and London. Nord Pool Spot strives continually to strengthen its business by working with integrity, together with members and stakeholders, to achieve excellence.
Lysaker, 13 January 2016
For further information, please contact:
Stina Johansen, Head of Communications, +47 916 50 603
Stuart Disbrey, Communications Director UK, +44 (0) 203 6977730