The new Estlink bidding area, established by Nord Pool Spot, opened as announced on 1 April. The new area connects Estonia to the Nordic power market, offering Baltic participants a liquid market and a trustworthy reference price.
Ten participants traded in the Estlink bidding area on the first day of operation. Traded volumes were 3,826 MWh (buy) and 9,617 MWh (sell).
- We are pleased to say that the launch of the Estlink area was a success, and we think that the future integration of the markets looks promising, says Karri Mäkelä, director operations at Nord Pool Spot.
All three Baltic countries are represented among the participants. Eesti Energia AS is the market maker for the day ahead market in Estonia, supporting the liquidity and ensuring that prices are set at all hours. The long term goal is to create a Baltic market with reliable prices connected to the Nordic market through Nord Pool Spot.
About Nord Pool Spot
Nord Pool Spot runs the largest electrical energy market in the world, offering both day-ahead and intraday markets to its participants. 330 companies from 20 countries trade on the exchange. The Nord Pool Spot group has offices in Oslo, Helsinki, Stockholm, Fredericia (Denmark), Tallinn and London. Nord Pool Spot is owned by the Nordic transmission system operators. In 2009 the group had a turnover of 287 TWh representing a value of EUR 10.8 billion.
Lysaker, 06 April 2010 13:05 CET
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