Nord Pool, Europe’s leading power market, has announced its traded volume figures for 2017, including new volume records in several markets.
During 2017, a total of 512 TWh of power was traded, up from 505 TWh in 2016. The volumes encompass the Nordic and Baltic day-ahead market (394 TWh), the UK day-ahead market (111 TWh), as well as the Nordic, Baltic and German intraday market (6.7 TWh). A total of 380 members were active at Nord Pool, trading from 20 countries.
Welcoming the strong volumes recorded across Nord Pool markets in 2017, Erling Thiis, Acting CEO of Nord Pool, said: “The strong volume achieved in 2017 is a result of our continued investment in our customers to deliver efficient, simple and secure power trading across Europe. As we enter an era of power exchange competition, achieving such strong numbers in our existing markets is both reassuring and encouraging.
“We are pleased to report a strong growth of 35 % year-on-year in our intraday markets, with the highest growth seen in Germany. During 2017 we opened an office in Berlin and we are intensifying our efforts in central Europe. Within a month Nord Pool is upgrading our intraday platform in preparation for XBID go-live and we are excited about the opportunities which will come with shared intraday liquidity across Europe.”
The Nordic and Baltic day-ahead market saw continued growth as volumes increased to a record of 394 TWh, up from last year’s 391 TWh. The average system price in the Nordics during the year stands at 29.41 EUR/MWh.
In the UK, volumes traded on the day-ahead auction, reached 111 TWh, up from 109 TWh in 2016. This includes volume traded on the Nord Pool GB Half Hourly Day Ahead Auction, launched during autumn 2017 in response to requests from the company’s many UK customers.
Nord Pool’s intraday market for the Nordic/Baltic region and Germany achieved all-time high results with 6.7 TWh traded, compared to 5.1 TWh in 2016.
Nord Pool is designated as a Nominated Electricity Market Operator (NEMO) in 15 European countries, encompassing the whole of the central European region, and will during 2018 expand into new markets.
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 15 European countries, while also servicing power markets in Croatia and Bulgaria. In 2017 Nord Pool had a total turnover of 512 TWh traded power. The company has offices in Oslo, Stockholm, Helsinki, Tallinn, London and Berlin.
Lysaker, 4 January 2018
For further information, please contact:
Stina Johansen, Communications Director, +47 916 50 603 (for press enquiries)