Nord Pool, Europe’s leading power market, has announced its trading figures for 2018, with new volume records achieved in a number of markets.
During the year a total of 524 TWh of power was traded through Nord Pool, up from 512 TWh in 2017. This includes the Nordic and Baltic day-ahead market (396 TWh), the UK day-ahead market (120 TWh), and volume from Nord Pool’s intraday markets (8.3 TWh).
Welcoming the strong volumes recorded in 2018, Kari Ekelund Thørud, CEO of Nord Pool, said: “I am pleased to see these strong numbers and the high levels of customer commitment that they reflect. Achieving figures like these in our existing and new markets is both reassuring and encouraging.
“Our commitment to the creation of a competitive and efficient single European power market for Nord Pool customers is continuing to deliver solid results. The successful opening of new intraday markets across Europe, with the all-important sharing of order books, has been a key development during 2018.”
Nord Pool’s intraday markets achieved all-time high results with 8.3 TWh traded, compared to 6.7 TWh in 2017 (a growth rate of 23% year-on-year). December 2018 was the strongest month, seeing 1.1 TWh traded. With the European Cross-Border Intraday (XBID) solution going live in June, Nord Pool intraday markets are now open for trading in the Netherlands, Belgium, France and Austria, in addition to our previous Nordic, Baltic, German and UK markets.
The Nordic and Baltic day-ahead market saw continued growth as volumes increased to a record of 396 TWh, up from last year’s already strong 394 TWh. January 2018 saw 41.2 TWh traded within the Nordic and Baltic day-ahead market, the highest monthly volume traded in the market’s history. All three Baltic countries reached new monthly record highs during the year; Estonia 777 GWh in March, Latvia 700 GWh in January and Lithuania 1,312 GWh, also in March. The average system price in the Nordics during 2018 was 43.99 EUR/MWh.
In the UK, volumes traded on Nord Pool’s day-ahead auction, reached 120 TWh, up from 111 TWh in 2017, a signal that UK customers continue to see the value that Nord Pool brings to UK power trading.
Kari Ekelund Thørud concluded: “Achieving another successful year is a clear result of Nord Pool’s continued close work with our customers to deliver simple, efficient and secure power trading as we grow with them, across Europe. Now we are looking forward to expanding into new day-ahead markets during 2019.”
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, France, The Netherlands, Belgium, Austria and the UK. Nord Pool is a Nominated Electricity Market Operator (NEMO) in 15 European countries, while also servicing power markets in Croatia and Bulgaria. In 2018 Nord Pool had a total turnover of 524 TWh traded power. The company has offices in Oslo, Stockholm, Helsinki, Tallinn, London and Berlin.
Nord Pool has 25 years of power market experience built on offering flexibility, transparency, innovation, greater choice and participation to our customers.
Lysaker, 14 January 2019
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