Nord Pool Spot aims to launch a new price area in Estonia next spring, at the earliest by 1 April 2010. The new price area will connect Estonia to the Nordic market for physical power, offering Baltic participants a liquid market and a trustworthy reference price.
“We are expanding into the Baltic region in accordance with our strategy. Price area Estlink is another step on our way to take our business into new geographies”, says acting CEO Hans Randen. “The long term goal is to create a large market where participants in several Baltic countries daily trade on our day-ahead market Elspot and on the intraday market Elbas”, Randen concludes.
Information about significant changes in the market should, according to Nord Pool Spot practice, be communicated six months before implementation. The establishment of an Estonian price area is subject to amendments to the current Estonian legislation. Nord Pool Spot will communicate a firm date when the amendments have been approved.
About Nord Pool Spot
Nord Pool Spot runs the largest physical power market in the world, offering both day-ahead and intraday markets to its participants. 330 companies from 20 countries trade daily on the exchange. The Nord Pool Spot group has offices in Oslo, Helsinki, Stockholm, Fredericia (Denmark) and London. Nord Pool Spot is owned by the Nordic transmission system operators. In 2008 the group had a turnover of 300 TWh representing a value of EUR 15.0 billion.
Lysaker, 30 September 2009
For further information, please contact Nord Pool Spot:
Karri Mäkelä, director operations, phone + 35 84 07 32 08 60
Siw Hauge, director communications, phone + 47 90 61 59 92