Nord Pool AS
|Type||Physical commodity exchange (energy exchange)|
Svenska kraftnät (28.2%)
|Key people||Kari Ekelund Thørud (CEO)|
Torger Lien (Chairman)
|Currency||NOK, SEK, DKK, EUR|
Nord Pool AS runs the largest market for electrical energy in Europe, measured in volume traded (TWh) and in market share. It operates in Norway, Denmark, Sweden, Finland, Estonia, Latvia, Lithuania, Germany, the Netherlands, Belgium, Austria, Luxembourg 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. More than 80% of the total consumption of electrical energy in the nordic market is traded through Nord Pool. It was the world's first multinational exchange for trading electric power.
Nord Pool offers both day-ahead and intraday markets.
Nord Pool traces its origin to Foreningen Samkjøringen, 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 of eastern Norway. In 1971 the exchange merged with the regional exchanges in other parts of Norway, and became Samkjøringen av kraftverkene i Norge, with 118 power companies as members as of 1988.
Nord Pool Spot AS was established in 2002, when the derivatives and energy markets were separated from Nord Pool ASA (now NASDAQ OMX Commodities Europe). All Nord Pool's physical energy market activities were transferred into Nord Pool Spot AS. In 2005, Nord Pool Spot expanded its activities to Germany by opening the KONTEK bidding area.
On 12 January 2010, Nord Pool Spot in cooperation with NASDAQ OMX Commodities launched the N2EX power market in the United Kingdom. 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. Nord Pool Spot also delivered the technical solution for the Lithuanian market place Baltpool. 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. Today, the common intraday market includes the Nordic countries, the Baltic countries, Germany, the Netherlands, and Belgium. In 2012 Nord Pool Spot opened a bidding area in Lithuania, and in 2013 the Latvian market was opened.
In 2016 Nord Pool Spot was rebranded to Nord Pool.
In 2017, A new Clearing and Settlement System (CASS) is launched and a new GB half hourly auction is introduced.
Nord Pool is nominated NEMO in Ireland and Nord Pool and Agder Energi join forces to develop a new marketplace capable of exploiting decentralised flexibility.
It is owned by the national grid companies Fingrid, Energinet.dk, Statnett, Svenska Kraftnät, Elering, Litgrid and AST. Nord Pool has the main office in Lysaker (Oslo) and offices in Stockholm, Helsinki, Tallinn, Berlin and London. It has wholly owned subsidiaries Nord Pool AB and Nord Pool Finland Oy.
Nord Pool AS has 360 members in about 20 countries. Members are public and private energy producers, energy intensive industries, large consumers, distributors, funds, investment companies, banks, brokers, utility companies and financial institutions.
Nord Pool AS saw new volume records(524 TWh) in 2018.
Nord Pool offers a wide range of services to help customers simplify tasks related to trading, such as market data services, compliance services, or consulting services through Nord Pool Consulting.
- "About us". Nord Pool AS.
- 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
- "Membership". Nord Pool Spot. Retrieved 13 March 2015.