Nord Pool: Difference between revisions
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|nativename = |
|nativename = |
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|logo = Nord Pool logotype.svg |
|logo = Nord Pool logotype.svg |
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|image = |
|image = Map NP.png |
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| image_caption = Current markets (blue), expansion markets (green) and serviced markets ( |
| image_caption = Current markets (blue), expansion markets (green) and serviced markets (light blue) |
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|type = Physical |
|type = Physical power exchange |
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|city = |
|city = Oslo |
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|country = Norway |
|country = Norway |
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|coor = |
|coor = |
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|foundation = |
|foundation = 1993 (as ''Statnett Marked AS'') |
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|owner = [[Euronext]] (66%) |
|owner = {{ubl|[[Euronext]] (66%)|[[Transmission system operator|TSO Holding]] (34%)<ref name="nordpoolgroup.com">{{Cite web|url=https://www.nordpoolgroup.com/message-center-container/newsroom/exchange-message-list/2019/q4/nord-pool-welcomes-new-owner/|title=Nord Pool welcomes new owner}}</ref>}} |
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|key_people = |
|key_people = Tom Darell <small>[[Chief executive officer|(CEO)]]</small><br>Christopher Topple <small>[[Chair (official)|(Chairman)]]</small> |
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|currency = [[Norwegian krone|NOK]], [[Swedish krona|SEK]], [[Danish krone|DKK]], [[Euro|EUR]] |
|currency = [[Norwegian krone|NOK]], [[Swedish krona|SEK]], [[Danish krone|DKK]], [[Euro|EUR]] |
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|commodity = [[Electric power]] |
|commodity = [[Electric power]] |
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'''Nord Pool AS''' is a pan-European [[Electric power|power]] [[List of commodities exchanges|exchange]]. Nord Pool has a main office in [[ |
'''Nord Pool AS''' is a pan-European [[Electric power|power]] [[List of commodities exchanges|exchange]]. Nord Pool has a main office in [[Oslo]] and further offices in [[Stockholm]], [[Helsinki]], [[Tallinn]] and [[London]]. The company is owned by the European exchange operator [[Euronext]] as well as TSO Holding, which represents the continental [[Nordic countries|Nordic]] and [[Baltic countries|Baltic]] countries' [[transmission system operator]]s (TSOs: [[Fingrid]], [[Energinet]], [[Statnett]], [[Svenska Kraftnät]], and [[Litgrid]]). Nord Pool has two subsidiaries, Nord Pool AB and Nord Pool Finland Oy. |
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==History== |
==History== |
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=== |
===1932–1991: Norwegian origins=== |
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[[File:Smestad samkjøringssal.jpg|thumb|right|1934 control room of ''{{lang|no|Foreningen Samkjøringen}}'' at [[Smestad, Oslo|Smestad]] in [[Oslo]]]] |
[[File:Smestad samkjøringssal.jpg|thumb|right|1934 control room of ''{{lang|no|Foreningen Samkjøringen}}'' at [[Smestad, Oslo|Smestad]] in [[Oslo]]]] |
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Nord Pool traces its origin to ''{{lang|no|Foreningen Samkjøringen}}'' (lit. the ''Coordination Association''), a [[Electricity market|power exchange]] formed by [[Eastern Norway|eastern Norwegian]] electricity companies in 1932 on the initiative of [[Augustin Paus]], and which soon encompassed all the electricity companies in eastern Norway. In 1971 the exchange merged with the regional exchanges in other parts of Norway, and became ''{{lang|no|Samkjøringen av kraftverkene i Norge}}'' (literally the ''Coordination of Power Stations in Norway''), with 118 power companies as members as of 1988. |
Nord Pool traces its origin to ''{{lang|no|Foreningen Samkjøringen}}'' (lit. the ''Coordination Association''), a [[Electricity market|power exchange]] formed by [[Eastern Norway|eastern Norwegian]] electricity companies in 1932 on the initiative of [[Augustin Paus]], and which soon encompassed all the electricity companies in eastern Norway. In 1971 the exchange merged with the regional exchanges in other parts of Norway, and became ''{{lang|no|Samkjøringen av kraftverkene i Norge}}'' (literally the ''Coordination of Power Stations in Norway''), with 118 power companies as members as of 1988. |
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=== |
===1991–2000: Nordic deregulation and integration=== |
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In 1991 the [[Storting|Norwegian parliament]] decided to deregulate the market for power trading. In 1993 |
In 1991 the [[Storting|Norwegian parliament]] decided to deregulate the market for power trading. In 1993 [[Statnett|Statnett Marked AS]] was established as an independent company. |
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[[File:Nord Pool (historisch) logo.svg|thumb|Logotype of Nord Pool ASA (1996-2000). The company was established in 1996, spun off Nord Pool Spot AS (presently known as Nord Pool AS) in 2001 and was acquired by Nasdaq between 2007 and 2010.]] |
[[File:Nord Pool (historisch) logo.svg|thumb|Logotype of Nord Pool ASA (1996-2000). The company was established in 1996, spun off Nord Pool Spot AS (presently known as Nord Pool AS) in 2001 and was acquired by Nasdaq between 2007 and 2010.]] |
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In 1996, the Swedish electricity market was also deregulated. Statnett Marked AS was subsequently replaced by '''Nord Pool ASA''', owned in equal parts by the Swedish and Norwegian [[ |
In 1996, the Swedish electricity market was also deregulated. Statnett Marked AS was subsequently replaced by '''Nord Pool ASA''', owned in equal parts by the Swedish and Norwegian [[transmission system operator]]s (TSOs), [[Svenska Kraftnät]] and [[Statnett]]. This contributed to the unification of the two countries' electricity markets. |
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[[Finland]] as well as western and eastern Denmark joined Nord Pool ASA in 1998, 1999 and 2000, respectively. |
[[Finland]] as well as western and eastern Denmark joined Nord Pool ASA in 1998, 1999 and 2000, respectively. |
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=== |
===2000–present: Expansion in Europe=== |
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[[File:Nord Pool logo old.svg|thumb|Logotype of Nord Pool ASA (2000-2010)]] |
[[File:Nord Pool logo old.svg|thumb|Logotype of Nord Pool ASA (2000-2010)]] |
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[[File:Nord Pool Spot logo.svg|thumb|Logotype of Nord Pool Spot AS (2003-2016)]] |
[[File:Nord Pool Spot logo.svg|thumb|Logotype of Nord Pool Spot AS (2003-2016)]] |
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In 2000, Nord Pool ASA participated in establishing the [[Leipzig]] Power Exchange (now part of the [[European Energy Exchange]]). Nord Pool also supplied its technology to [[France]]'s [[Powernext]] exchange. |
In 2000, Nord Pool ASA participated in establishing the [[Leipzig]] Power Exchange (now part of the [[European Energy Exchange]]). Nord Pool also supplied its technology to [[France]]'s [[Powernext]] exchange. |
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On 27 December 2001, Nord Pool ASA's [[spot market]] (derivatives and physical energy markets) activities were spun off into a new company, '''Nord Pool Spot AS'''. The remaining parts of Nord Pool ASA were later acquired by [[Nasdaq]], and are presently known as [[NASDAQ OMX Commodities Europe|Nasdaq Commodities]].{{efn|Nord Pool ASA's remaining subsidies ''Nord Pool Clearing'', which dealt with clearing transactions, and ''Nord Pool Consulting'' - were acquired by [[Nasdaq Nordic|Nasdaq OMX]] on 21 December 2007.<ref name="reuters211207">{{Cite news |date=2007-12-21 |title=OMX buys Nord Pool's clearing, consulting operation |work=[[Reuters]] |url=http://uk.reuters.com/article/hotStocksNews/idUKL2164326320071221 |access-date=2008-06-15}}</ref> On 17 March 2010, NASDAQ OMX announced it would acquire all shares of Nord Pool ASA. This did not include Nord Pool Spot AS, which continued physical electricity market trading operations independently.<ref name="reuters170310">{{Cite news |last=Fouche |first=Gwladys |date=2010-03-17 |title=Nasdaq OMX buys Nordic power bourse Nord Pool |work=[[Reuters]] |url=http://uk.reuters.com/article/idUKLDE62G1G820100317 |access-date=2010-06-13}}</ref><ref name="ap170310">{{Cite news |date=2010-03-17 |title=Norway's Nasdaq OMX to acquire Nord Pool ASA |work=[[Bloomberg Businessweek]] |agency=[[Associated Press]] |url=http://www.businessweek.com/ap/financialnews/D9EGG7QO4.htm |access-date=2010-06-13}}</ref> The deal was approved by market regulators on 31 May 2010.<ref name="nasdaq310510">{{Cite press release |title=NASDAQ OMX Completes Nord Pool ASA Acquisition |date=2010-03-17 |publisher=[[NASDAQ OMX Group|NASDAQ OMX]] |url=http://www.futuresmag.com/News/2010/5/Pages/NASDAQ-OMX-Completes-Nord-Pool-ASA-Acquisition.aspx |access-date=2010-06-13}}</ref> On 1 November 2010, Nord Pool ASA changed its name to NASDAQ OMX Oslo ASA and introduced a trade name [[NASDAQ OMX Commodities Europe]]. It is presently known as Nasdaq Commodities<ref name="nasdaq011110">{{Cite press release |title=Nord Pool ASA changes its name |date=2010-11-01 |publisher=[[NASDAQ OMX Group|NASDAQ OMX]] |url=https://newsclient.omxgroup.com/cdsPublic/viewDisclosure.action?disclosureId=423986&lang=en |access-date=2010-12-25}}</ref>}} |
On 27 December 2001, Nord Pool ASA's [[spot market]] (derivatives and physical energy markets) activities were spun off into a new company, '''Nord Pool Spot AS'''. The remaining parts of Nord Pool ASA were later acquired by [[Nasdaq]], and are presently known as [[NASDAQ OMX Commodities Europe|Nasdaq Commodities]].{{efn|Nord Pool ASA's remaining subsidies ''Nord Pool Clearing'', which dealt with clearing transactions, and ''Nord Pool Consulting'' - were acquired by [[Nasdaq Nordic|Nasdaq OMX]] on 21 December 2007.<ref name="reuters211207">{{Cite news |date=2007-12-21 |title=OMX buys Nord Pool's clearing, consulting operation |work=[[Reuters]] |url=http://uk.reuters.com/article/hotStocksNews/idUKL2164326320071221 |access-date=2008-06-15}}</ref> On 17 March 2010, NASDAQ OMX announced it would acquire all shares of Nord Pool ASA. This did not include Nord Pool Spot AS, which continued physical electricity market trading operations independently.<ref name="reuters170310">{{Cite news |last=Fouche |first=Gwladys |date=2010-03-17 |title=Nasdaq OMX buys Nordic power bourse Nord Pool |work=[[Reuters]] |url=http://uk.reuters.com/article/idUKLDE62G1G820100317 |access-date=2010-06-13}}</ref><ref name="ap170310">{{Cite news |date=2010-03-17 |title=Norway's Nasdaq OMX to acquire Nord Pool ASA |work=[[Bloomberg Businessweek]] |agency=[[Associated Press]] |url=http://www.businessweek.com/ap/financialnews/D9EGG7QO4.htm |archive-url=https://web.archive.org/web/20121024035352/http://www.businessweek.com/ap/financialnews/D9EGG7QO4.htm |url-status=dead |archive-date=October 24, 2012 |access-date=2010-06-13}}</ref> The deal was approved by market regulators on 31 May 2010.<ref name="nasdaq310510">{{Cite press release |title=NASDAQ OMX Completes Nord Pool ASA Acquisition |date=2010-03-17 |publisher=[[NASDAQ OMX Group|NASDAQ OMX]] |url=http://www.futuresmag.com/News/2010/5/Pages/NASDAQ-OMX-Completes-Nord-Pool-ASA-Acquisition.aspx |access-date=2010-06-13}}</ref> On 1 November 2010, Nord Pool ASA changed its name to NASDAQ OMX Oslo ASA and introduced a trade name [[NASDAQ OMX Commodities Europe]]. It is presently known as Nasdaq Commodities<ref name="nasdaq011110">{{Cite press release |title=Nord Pool ASA changes its name |date=2010-11-01 |publisher=[[NASDAQ OMX Group|NASDAQ OMX]] |url=https://newsclient.omxgroup.com/cdsPublic/viewDisclosure.action?disclosureId=423986&lang=en |access-date=2010-12-25}}</ref>}} |
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In 2005, Nord Pool Spot AS started trading and clearing of [[European Union]] (EU) emission allowances, becoming the first exchange to expand its activities into this area. The company expanded its activities to [[Germany]] by opening the [[KONTEK]] bidding area. |
In 2005, Nord Pool Spot AS started trading and clearing of [[European Union]] (EU) emission allowances, becoming the first exchange to expand its activities into this area. The company expanded its activities to [[Germany]] by opening the [[KONTEK]] bidding area. |
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On 12 January 2010, Nord Pool Spot AS in cooperation with Nasdaq Commodities launched the N2EX power market in the [[United Kingdom]].<ref name="reuters120110">{{Cite news |last=Kwok W. Wan |date=2010-01-12 |title=Nasdaq, Nord Pool launch new UK power market |work=[[Reuters]] |url=http://uk.reuters.com/article/idUSLDE60B27120100112?type=marketsNews&sp=true |access-date=2010-02-06}}</ref> |
On 12 January 2010, Nord Pool Spot AS in cooperation with Nasdaq Commodities launched the N2EX power market in the [[United Kingdom]].<ref name="reuters120110">{{Cite news |last=Kwok W. Wan |date=2010-01-12 |title=Nasdaq, Nord Pool launch new UK power market |work=[[Reuters]] |url=http://uk.reuters.com/article/idUSLDE60B27120100112?type=marketsNews&sp=true |access-date=2010-02-06}}</ref> |
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On 2 February 2010, Nord Pool Spot signed an agreement with the Estonian national grid company [[Elering]] to create the Nord Pool Spot [[Estlink]] bidding area starting from 1 April 2010.<ref name="baltic">{{Cite news |last=Juhan Tere |date=2010-02-02 |title=Elering and Nord Pool Spot conclude a cooperation agreement |work=The Baltic Course |url=http://www.baltic-course.com/eng/energy/?doc=23171 |access-date=2010-02-06}}</ref> Nord Pool Spot also delivered the technical solution for the Lithuanian market place Baltpool.<ref name="nps280809">{{Cite press release |title=Nord Pool Spot will deliver the technical solution for new Lithuanian market place |date=2009-08-28 |publisher=Nord Pool Spot |url=http://www.nordpoolspot.com/Market_Information/Exchange-information/No732009--Nord-Pool-Spot-will-deliver-the-technical-solution-for-new-Lithuanian-market-place/ |access-date=2010-02-06}}</ref> On 9 June 2010, [[APX-ENDEX]], Belpex and Nord Pool Spot agreed to create a cross-border intraday electricity market based on Nord Pool Spot's Elbas technology. |
On 2 February 2010, Nord Pool Spot signed an agreement with the Estonian national grid company [[Elering]] to create the Nord Pool Spot [[Estlink]] bidding area starting from 1 April 2010.<ref name="baltic">{{Cite news |last=Juhan Tere |date=2010-02-02 |title=Elering and Nord Pool Spot conclude a cooperation agreement |work=The Baltic Course |url=http://www.baltic-course.com/eng/energy/?doc=23171 |access-date=2010-02-06}}</ref> Nord Pool Spot also delivered the technical solution for the Lithuanian market place Baltpool.<ref name="nps280809">{{Cite press release |title=Nord Pool Spot will deliver the technical solution for new Lithuanian market place |date=2009-08-28 |publisher=Nord Pool Spot |url=http://www.nordpoolspot.com/Market_Information/Exchange-information/No732009--Nord-Pool-Spot-will-deliver-the-technical-solution-for-new-Lithuanian-market-place/ |access-date=2010-02-06}}</ref> On 9 June 2010, [[APX-ENDEX]], Belpex and Nord Pool Spot agreed to create a cross-border intraday electricity market based on Nord Pool Spot's Elbas technology. The common intraday market then included the Nordic countries, the Baltic countries, Germany, the Netherlands, and Belgium.<ref name="nps100610">{{Cite press release |title=APX-ENDEX, Belpex and Nord Pool Spot to establish cross-border intraday electricity market from Helsinki to Brussels |date=2010-06-10 |publisher=Nord Pool Spot |url=http://www.nordpoolspot.com/Market_Information/Exchange-information/No-362010-NPS---APX-ENDEX-Belpex-and-Nord-Pool-Spot-to-establish-cross-border-intraday-electricity-market-from-Helsinki-to-Brussels/ |access-date=2010-06-13 |url-status=dead |archive-url=https://web.archive.org/web/20101023103528/http://www.nordpoolspot.com/Market_Information/Exchange-information/No-362010-NPS---APX-ENDEX-Belpex-and-Nord-Pool-Spot-to-establish-cross-border-intraday-electricity-market-from-Helsinki-to-Brussels/ |archive-date=2010-10-23}}</ref> |
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In 2012, Nord Pool Spot opened a bidding area in Lithuania, and in 2013 the Latvian market was opened.<ref>{{Cite web |title=See outline of our power market history. |url=https://www.nordpoolgroup.com/About-us/History/ |website=www.nordpoolgroup.com}}</ref> |
In 2012, Nord Pool Spot opened a bidding area in Lithuania, and in 2013 the Latvian market was opened.<ref>{{Cite web |title=See outline of our power market history. |url=https://www.nordpoolgroup.com/About-us/History/ |website=www.nordpoolgroup.com}}</ref> |
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On 20 January 2016, Nord Pool Spot AS was rebranded to Nord Pool AS.<ref>{{Cite web |title=Nord Pool History |url=http://www.nordpoolspot.com/About-us/History/ |url-status=dead |archive-url=https://web.archive.org/web/20170415184321/http://www.nordpoolspot.com/About-us/History/ |archive-date=2017-04-15 |access-date=2016-11-16}}</ref> |
On 20 January 2016, Nord Pool Spot AS was rebranded to Nord Pool AS.<ref>{{Cite web |title=Nord Pool History |url=http://www.nordpoolspot.com/About-us/History/ |url-status=dead |archive-url=https://web.archive.org/web/20170415184321/http://www.nordpoolspot.com/About-us/History/ |archive-date=2017-04-15 |access-date=2016-11-16}}</ref> |
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On 27 August 2019 Nord Pool started trading in France, Germany, Luxembourg, Belgium, Austria and the Netherlands, the result of a European Union decision to allow several power exchanges to operate in the same markets, increasing competition.<ref>{{Cite news |date=2 September 2019 |title=New Nord Pool power markets trade 14 GW hours in first week |work=Reuters |url=https://www.reuters.com/article/europe-power-trade/new-nord-pool-power-markets-trade-14-gw-hours-in-first-week-idUSL5N25T20V}}</ref> |
On 27 August 2019, Nord Pool started trading in France, Germany, Luxembourg, Belgium, Austria and the Netherlands, the result of a European Union decision to allow several power exchanges to operate in the same markets, increasing competition.<ref>{{Cite news |date=2 September 2019 |title=New Nord Pool power markets trade 14 GW hours in first week |work=Reuters |url=https://www.reuters.com/article/europe-power-trade/new-nord-pool-power-markets-trade-14-gw-hours-in-first-week-idUSL5N25T20V}}</ref> |
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On 5 December 2019 [[Euronext]] announced that it would acquire 66% of Nord Pool.<ref>{{ |
On 5 December 2019, [[Euronext]] announced that it would acquire 66% of Nord Pool.<ref>{{Cite web|url=https://www.euronext.com/en/investor-relations/financial-information/news/euronext-acquire-control-nord-pool-leading-physical|title=Euronext to acquire control of Nord Pool, a leading physical power market in Europe, reinforcing Oslo as Euronext’s hub in the Nordics | euronext.com|website=www.euronext.com}}</ref><ref name="nordpoolgroup.com" /> The acquisition was completed on 15 January 2020.<ref>{{Cite web|url=https://www.nordpoolgroup.com/message-center-container/newsroom/exchange-message-list/2020/q1/euronext-completes-the-acquisition-of-nord-pool/|title=Euronext completes acquisition of Nord Pool}}</ref> |
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In 2021, Nord Pool launched day-ahead trading in Poland.{{cn|date=November 2023}} |
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In 2022, a new mechanism was launched for hourly renewable energy certificates in Great Britain.{{cn|date=November 2023}} |
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==See also== |
==See also== |
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{{Portal|Energy}} |
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===Other pan-European exchanges=== |
===Other pan-European exchanges=== |
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* [[European Energy Exchange]] |
* [[European Energy Exchange]] |
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[[Category:Companies based in Oslo]] |
[[Category:Companies based in Oslo]] |
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[[Category:Electricity markets]] |
[[Category:Electricity markets]] |
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[[Category:Electric power in Norway]] |
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[[Category:Electric power in Denmark]] |
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[[Category:Electric power in Sweden]] |
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[[Category:Electric power in Finland]] |
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[[Category:Electric power in Estonia]] |
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[[Category:Electric power in Lithuania]] |
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[[Category:Energy in Europe]] |
[[Category:Energy in Europe]] |
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[[Category:2002 establishments in Norway]] |
[[Category:2002 establishments in Norway]] |
Revision as of 10:35, 30 January 2024
59°54′55″N 10°38′18″E / 59.91528°N 10.63833°E
![]() Logotype since 2016 | |
![]() Current markets (blue), expansion markets (green) and serviced markets (light blue) | |
Type | Physical power exchange |
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Location | Oslo, Norway |
Founded | 1993 (as Statnett Marked AS) |
Owner |
|
Key people | Tom Darell (CEO) Christopher Topple (Chairman) |
Currency | NOK, SEK, DKK, EUR |
Commodities | Electric power |
Website | www.nordpoolgroup.com |
Nord Pool AS is a pan-European power exchange. Nord Pool has a main office in Oslo and further offices in Stockholm, Helsinki, Tallinn and London. The company is owned by the European exchange operator Euronext as well as TSO Holding, which represents the continental Nordic and Baltic countries' transmission system operators (TSOs: Fingrid, Energinet, Statnett, Svenska Kraftnät, and Litgrid). Nord Pool has two subsidiaries, Nord Pool AB and Nord Pool Finland Oy.
History
1932–1991: Norwegian origins
![](http://upload.wikimedia.org/wikipedia/commons/thumb/5/55/Smestad_samkj%C3%B8ringssal.jpg/220px-Smestad_samkj%C3%B8ringssal.jpg)
Nord Pool traces its origin to Foreningen Samkjøringen (lit. the Coordination Association), a power exchange formed by eastern Norwegian electricity companies in 1932 on the initiative of Augustin Paus, and which soon encompassed all the electricity companies in eastern Norway. In 1971 the exchange merged with the regional exchanges in other parts of Norway, and became Samkjøringen av kraftverkene i Norge (literally the Coordination of Power Stations in Norway), with 118 power companies as members as of 1988.
1991–2000: Nordic deregulation and integration
In 1991 the Norwegian parliament decided to deregulate the market for power trading. In 1993 Statnett Marked AS was established as an independent company.
![](http://upload.wikimedia.org/wikipedia/commons/thumb/5/5b/Nord_Pool_%28historisch%29_logo.svg/220px-Nord_Pool_%28historisch%29_logo.svg.png)
In 1996, the Swedish electricity market was also deregulated. Statnett Marked AS was subsequently replaced by Nord Pool ASA, owned in equal parts by the Swedish and Norwegian transmission system operators (TSOs), Svenska Kraftnät and Statnett. This contributed to the unification of the two countries' electricity markets.
Finland as well as western and eastern Denmark joined Nord Pool ASA in 1998, 1999 and 2000, respectively.
2000–present: Expansion in Europe
![](http://upload.wikimedia.org/wikipedia/commons/thumb/1/1a/Nord_Pool_logo_old.svg/220px-Nord_Pool_logo_old.svg.png)
![](http://upload.wikimedia.org/wikipedia/commons/thumb/0/08/Nord_Pool_Spot_logo.svg/220px-Nord_Pool_Spot_logo.svg.png)
In 2000, Nord Pool ASA participated in establishing the Leipzig Power Exchange (now part of the European Energy Exchange). Nord Pool also supplied its technology to France's Powernext exchange.
On 27 December 2001, Nord Pool ASA's spot market (derivatives and physical energy markets) activities were spun off into a new company, Nord Pool Spot AS. The remaining parts of Nord Pool ASA were later acquired by Nasdaq, and are presently known as Nasdaq Commodities.[a]
In 2005, Nord Pool Spot AS started trading and clearing of European Union (EU) emission allowances, becoming the first exchange to expand its activities into this area. The company expanded its activities to Germany by opening the KONTEK bidding area.
On 12 January 2010, Nord Pool Spot AS in cooperation with Nasdaq Commodities launched the N2EX power market in the United Kingdom.[7]
On 2 February 2010, Nord Pool Spot signed an agreement with the Estonian national grid company Elering to create the Nord Pool Spot Estlink bidding area starting from 1 April 2010.[8] Nord Pool Spot also delivered the technical solution for the Lithuanian market place Baltpool.[9] On 9 June 2010, APX-ENDEX, Belpex and Nord Pool Spot agreed to create a cross-border intraday electricity market based on Nord Pool Spot's Elbas technology. The common intraday market then included the Nordic countries, the Baltic countries, Germany, the Netherlands, and Belgium.[10]
In 2012, Nord Pool Spot opened a bidding area in Lithuania, and in 2013 the Latvian market was opened.[11]
On 20 January 2016, Nord Pool Spot AS was rebranded to Nord Pool AS.[12]
On 27 August 2019, Nord Pool started trading in France, Germany, Luxembourg, Belgium, Austria and the Netherlands, the result of a European Union decision to allow several power exchanges to operate in the same markets, increasing competition.[13]
On 5 December 2019, Euronext announced that it would acquire 66% of Nord Pool.[14][1] The acquisition was completed on 15 January 2020.[15]
In 2021, Nord Pool launched day-ahead trading in Poland.[citation needed]
In 2022, a new mechanism was launched for hourly renewable energy certificates in Great Britain.[citation needed]
See also
Other pan-European exchanges
Related technology companies
- European Market Coupling Company
- European Network of Transmission System Operators for Electricity (ENTSO-E)
- European Network of Transmission System Operators for Gas (ENTSO-G)
- Council of European Energy Regulators (CEER)
- European Regulators' Group for Electricity and Gas (ERGEG)
Regulations and agencies
- Regulation on Wholesale Energy Market Integrity and Transparency
- Agency for the Cooperation of Energy Regulators
- Energy Community
Notes
- ^ Nord Pool ASA's remaining subsidies Nord Pool Clearing, which dealt with clearing transactions, and Nord Pool Consulting - were acquired by Nasdaq OMX on 21 December 2007.[2] On 17 March 2010, NASDAQ OMX announced it would acquire all shares of Nord Pool ASA. This did not include Nord Pool Spot AS, which continued physical electricity market trading operations independently.[3][4] The deal was approved by market regulators on 31 May 2010.[5] On 1 November 2010, Nord Pool ASA changed its name to NASDAQ OMX Oslo ASA and introduced a trade name NASDAQ OMX Commodities Europe. It is presently known as Nasdaq Commodities[6]
References
- ^ a b "Nord Pool welcomes new owner".
- ^ "OMX buys Nord Pool's clearing, consulting operation". Reuters. 2007-12-21. Retrieved 2008-06-15.
- ^ Fouche, Gwladys (2010-03-17). "Nasdaq OMX buys Nordic power bourse Nord Pool". Reuters. Retrieved 2010-06-13.
- ^ "Norway's Nasdaq OMX to acquire Nord Pool ASA". Bloomberg Businessweek. Associated Press. 2010-03-17. Archived from the original on October 24, 2012. Retrieved 2010-06-13.
- ^ "NASDAQ OMX Completes Nord Pool ASA Acquisition" (Press release). NASDAQ OMX. 2010-03-17. Retrieved 2010-06-13.
- ^ "Nord Pool ASA changes its name" (Press release). NASDAQ OMX. 2010-11-01. Retrieved 2010-12-25.
- ^ Kwok W. Wan (2010-01-12). "Nasdaq, Nord Pool launch new UK power market". Reuters. Retrieved 2010-02-06.
- ^ Juhan Tere (2010-02-02). "Elering and Nord Pool Spot conclude a cooperation agreement". The Baltic Course. Retrieved 2010-02-06.
- ^ "Nord Pool Spot will deliver the technical solution for new Lithuanian market place" (Press release). Nord Pool Spot. 2009-08-28. Retrieved 2010-02-06.
- ^ "APX-ENDEX, Belpex and Nord Pool Spot to establish cross-border intraday electricity market from Helsinki to Brussels" (Press release). Nord Pool Spot. 2010-06-10. Archived from the original on 2010-10-23. Retrieved 2010-06-13.
- ^ "See outline of our power market history". www.nordpoolgroup.com.
- ^ "Nord Pool History". Archived from the original on 2017-04-15. Retrieved 2016-11-16.
- ^ "New Nord Pool power markets trade 14 GW hours in first week". Reuters. 2 September 2019.
- ^ "Euronext to acquire control of Nord Pool, a leading physical power market in Europe, reinforcing Oslo as Euronext's hub in the Nordics | euronext.com". www.euronext.com.
- ^ "Euronext completes acquisition of Nord Pool".