Nord Pool has today (Thursday 2 May) welcomed a statement from Ofgem, the government regulator for gas and electricity markets in Great Britain, concerning GB – Ireland market coupling and with it the opportunity to provide input to Ofgem’s consultation and to comment on the commitments being proposed.
We believe that Ofgem’s statement serves to emphasise the importance of establishing a level playing field between power exchanges if they are to deliver the full value of electricity market coupling both to market participants and to consumers.
We welcome the opportunity to participate fully in the GB - Ireland market coupling, which we have always recognised as being highly significant for increased social welfare and security of supply between Great Britain and the island of Ireland.
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, 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, 2 May 2019
For further information, please contact:
Stuart Disbrey +44 7887 409044 - email@example.com