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 and the UK and 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.
Video Nord Pool AS
History
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 opens a bidding area in Lithuania, and in 2013 the Latvian market is opened.
In 2016, an energy consultancy company suggested that long term power prices in North Europe are linked to coal prices rather than production from hydro, solar and wind power. Also in 2016 Nord Pool Spot was rebranded to Nord Pool.
Maps Nord Pool AS
Organization
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.
Members
Nord Pool AS has 380 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.
Services
Nord Pool AS is the world's largest exchange for electrical energy measured in volume (512 TWh) in 2017. Nord Pool operates markets in the Nordic and Baltic countries, 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.
See also
- REMIT http://eur-lex.europa.eu/LexUriServ/LexUriServ.do?uri=OJ:L:2011:326:0001:0016:en:PDF
References
External links
- Nord Pool AS website
Source of the article : Wikipedia
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