Nord Pool, Europe’s leading power market, is pleased to announce that from today, 14 January, all Nord Pool members active in intraday trading in the Finnish price area can trade right up to each delivery hour.
This change follows the mid 2019 announcement by the Finnish TSO, Fingrid, that it would be enabling intraday markets to operate locally until the start of delivery hour.
Vassi Kujala, our Market Manager Finland, said: “Extending gate closure time to zero minutes in Finland is an important step in the development of the real time continuous market, providing participants with better tools with which to adjust their balances as close as possible to delivery.”
The change is initially being undertaken as a six-month pilot project, during which the TSO will evaluate how the extended trading supports balance management in the Finnish power system.
Nord Pool would like to thank all market participants that have supported this initiative.
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 2019 Nord Pool had a total turnover of 494 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.
Oslo, 14 January 2020
For further information, please contact:
Stina Johansen, +47 916 50 603 - email@example.com