Nord Pool, Europe’s leading power market, has today, Thursday 15 December, confirmed its appointment as a Nominated Electricity Market Operator (NEMO) in Luxembourg.
This latest NEMO appointment marks the 14th such designation for Nord Pool, confirming the company’s strong commitment to expanding across Europe, and signifying its success in meeting the new Network Guidelines on Capacity Allocation and Congestion Management (CACM), which came into force on 14 August 2015.
Nord Pool’s 13 other NEMO appointments cover Austria, Belgium, Denmark, Estonia, Finland, France, Germany, Great Britain, Latvia, Lithuania, the Netherlands, Poland and Sweden.
The concept of market coupling was originally developed by Nord Pool and has been successfully implemented in the Nordic and Baltic market over the last 20 years. As a designated NEMO under CACM, Nord Pool will continue to have responsibility for a variety of roles with regards to market coupling across European markets. The CACM code sets the rules for cross-border electricity trading in Europe. It covers cross-border capacity allocation in the day-ahead and intraday time frames, rules for congestion management and methods for calculating capacity across bidding zones.
About Nord Pool
Nord Pool, Europe’s leading power market, delivers efficient, simple and secure trading across Europe. The company offers day-ahead and intraday trading, clearing and settlement to customers regardless of size or location. Today 380 companies from 20 countries trade on Nord Pool’s markets.
Nord Pool operates markets in the Nordic and Baltic regions, Germany and the UK, and is a Nominated Electricity Market Operator (NEMO) in 14 European countries, while also servicing power markets in Poland, Croatia and Bulgaria. In 2015 Nord Pool had a total turnover of 489 TWh traded power. The company has offices in Oslo, Stockholm, Helsinki, Tallinn and London.
Lysaker, 15 December 2016
For further information, please contact:
Stina Johansen, Communications Director, +47 916 50 603 (for press enquiries)