Reference is made to the press release dated 3 May 2018 regarding the restructuring of Nord Pool into two legal entities, European Market Coupling Operator AS and Nord Pool AS, separating the Market Coupling Operator functions from the commercial Power Exchange functions.
Nord Pool operates in the rapidly developing power sector, and has decided to split the company into two separate entities in response to new industry regulation. The Network Guidelines on Capacity Allocation and Congestion Management (CACM), set forth by the EU, provides the basis for implementation of a single energy market across Europe, and for competition between power exchanges. As a consequence of this, the owners of Nord Pool have decided to initiate a review of the strategic alternatives for its commercial Power Exchange business. Nord Pool has appointed Skandinaviska Enskilda Banken AB (publ) as advisor in the process.
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 360 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 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.