Nord Pool, Europe’s leading power market, has announced its traded volume figures for 2016, including new volume records in the Nordic and Baltic, and UK, markets.
During 2016, a total of 505 TWh of power was traded, encompassing a new Nordic and Baltic day-ahead market trading record (391 TWh), the Nordic, Baltic and German intraday market (5.1 TWh) and day-ahead trading in the Nord Pool UK power market (109 TWh). A total of 380 members are active at Nord Pool, trading from 20 countries.
Welcoming the strong volumes recorded across Nord Pool markets in 2016, Mikael Lundin, Nord Pool CEO, said: “2016 showed that our determination to innovate and unify our trading platforms for all markets, products and services, delivered what our customers demanded of us. As we enter an era of greater power exchange competition across Europe, achieving such strong numbers is both reassuring and encouraging.
“Our work throughout 2016 was driven with one goal – to deliver efficient, simple and secure trading for our very diverse range of customers, regardless of their size or location. With that in mind the year saw extended trading in the German intraday market; the advent of a single Nord Pool day-ahead and intraday platform for trading, as well as consolidated clearing, across markets; and new REMIT reporting services. We have been designated as a NEMO in 14 European countries, encompassing the whole of the central European region and giving a strong base from which to grow in 2017 and beyond.”
The Nordic and Baltic day-ahead market saw strong numbers as volumes increased to 391 TWh, up from last year’s 374 TWh. The average system price in the Nordics during the year stands at 26.91 EUR/MWh.
The first two months of 2016 saw record daily and weekly traded day-ahead volumes for both the Nordic and Baltic market, and that in the UK. In the Nordic and Baltic market the week of 18-24 2016 January saw volumes reach 10.2 TWh, the highest weekly volume traded in the market’s history, with Wednesday 20 January 2016 seeing an all-time high daily volume of 1.55 TWh. In the UK day-ahead market an all-time high of 510 GWh was reached on Monday 22 February 2016.
Nord Pool’s extended reach was evidenced during 2016 by the company’s delivery of modern and transparent power exchanges for Bulgaria and Croatia, with the year ending with the announcement of plans, alongside the Croatian Power Exchange Ltd (CROPEX), to create the first competitive Croatian intraday power market.
About Nord Pool
Nord Pool, Europe’s leading power market, delivers efficient, simple and secure trading across Europe. The company offers day-ahead and intraday trading, clearing and settlement to customers regardless of size or location. Today 380 companies from 20 countries trade on Nord Pool’s markets.
Nord Pool operates markets in the Nordic and Baltic regions, Germany and the UK, and is a Nominated Electricity Market Operator (NEMO) in 14 European countries, while also servicing power markets in Poland, Croatia and Bulgaria. In 2016 Nord Pool had a total turnover of 505 TWh traded power. The company has offices in Oslo, Stockholm, Helsinki, Tallinn and London.
Lysaker, 12 January 2017
For further information, please contact:
Stina Johansen, Communications Director, +47 916 50 603 (for press enquiries)