Nord Pool Spot has secured its position as Europe’s largest power market with the announcement of new volume and market share records in 2013.
The year saw 493 TWh of power traded, compared to 432 TWh in 2012. Nord Pool Spot’s traded power volumes include the Nordic and Baltic day-ahead auction Elspot (348.9 TWh), the Nordic, Baltic and German intraday market Elbas (4.2 TWh) and day-ahead auction volume in the UK power market N2EX (139.4 TWh). At the same time Nord Pool Spot’s Nordic/Baltic market share reached an all-time high of 84%.
The growth in volume seen during 2013 is attributed to three key achievements: record volumes on N2EX, which Nord Pool Spot operates jointly in the UK with NASDAQ OMX Commodities, a rise in Nordic market share, and the completion of the development of the Baltic power market with the introduction of Latvia as a new bidding area on 3 June and the intraday market Elbas in both Latvia and Lithuania on 10 December.
Welcoming another record year Mikael Lundin, CEO of Nord Pool Spot, said: “2013 has again shown that our determination to work closely with our members to develop current and new markets has delivered good results. We are happy to have increased our Nordic market share and to have completed the integration of the Baltic region.
“The strong volume achieved in the UK by N2EX is a result of our dedication to building liquidity and producing reliable prices throughout 2013. We will continue to build further position to prove ourselves as the preferred power market in the UK.
“2013 has also been a year to show our strong commitment to the integration of European power markets. We have focused on key projects such as market coupling in North-West Europe and Price Coupling of Regions, both important initiatives to further strengthen European power market integration.”
In the UK, N2EX saw strong and steady growth in volumes traded during 2013, with a total of 139.4 TWh traded on the auction, compared to 94.8 TWh in 2012. Taking into account all volumes traded on the N2EX platform - prompt, spot and day-ahead auction - end-of-year figures show a total of 142.8 TWh traded.
Elbas, Nord Pool Spot’s intraday market for the Nordic/Baltic region and Germany recorded all-time high results in 2013, with 4.2 TWh traded compared to 3.2 TWh in 2012.
In the Nordic and Baltic day-ahead auction Elspot, volumes reached 348.9 TWh compared to 334.0 TWh in 2012. The average system price in the Nordics during the year was 38.10 EUR/MWh.
About Nord Pool Spot
Nord Pool Spot operates Europe’s leading power markets, offering both day-ahead and intraday trading to its members. 370 companies from 20 countries trade on Nord Pool Spot’s markets in the Nordic and Baltic regions, and on our UK market N2EX. In 2013 the group had a total turnover of 493 TWh traded power. Our markets are operated from offices in Oslo, Stockholm, Helsinki, Copenhagen, Tallinn and London. Nord Pool Spot strives continually to strengthen its business by working with integrity, together with members and stakeholders, to achieve excellence.
Lysaker, 16 January 2014
For more information, please contact:
Stina Johansen, Head of Communications, +47 916 50 603