Day-ahead (DA) trading volumes reached 1,030.28 TWh across the Nordic, Baltic, UK and Western and Central Europe markets (covering Austria, Belgium, France, Germany, Luxembourg, the Netherlands and Poland). Intraday (ID) trading volumes for 2023 amounted to 73.55 TWh across Europe (a 95% increase on 2022 figures).
In Belgium, DA trading volumes witnessed strong year-on-year (YoY) growth of 37.5%, with the Netherlands experiencing a YoY increase of 19% in DA.
ID trading showed material growth during 2023. Denmark witnessed a YoY growth of 233%, while the Netherlands experienced a YoY increase of 248.5%. Germany and Latvia demonstrated substantial growth rates of 114% and 101% respectively. In particular, ID trading in Denmark in the last three months of the year is Nord Pool’s best performance ever, highlighting the resilience and strength of the market.
“Nord Pool saw significant volume growth across the board, demonstrating the trust and confidence market participants continue to have in us – something which we never take for granted,” commented Tom Darell, CEO at Nord Pool.
"During 2023 Nord Pool strengthened its position in all markets where we operate. The growth we see in the intraday market is a result of our commitment to a resilient, efficient and scalable technology infrastructure. This enables market access to new renewable energy, which tends to be traded in the continuous market, closer to delivery.
“At Nord Pool we remain committed to providing efficient and reliable power market solutions to meet the evolving needs of our customers, now and into the future.”
The average system price in the Nordics during 2023 was 56.44 EUR/MWh.
*Trading volume quoted for Nord Pool’s markets comprises all buy volume (total volume bought per hour by market participants) plus all sell volume (total volume sold per hour by market participants) within each bidding zone.
About Nord Pool
Nord Pool, Europe’s leading power market, delivers efficient, simple and secure trading across Europe. In 2023 the company, which is majority owned by Euronext, celebrated 30 years of powering the market. Nord Pool offers day-ahead and intraday trading, clearing and settlement, and additional services, to customers regardless of size or location. Today 370 businesses from 20 countries trade on Nord Pool’s markets.
Nord Pool operates markets in the Nordic and Baltic regions, Germany, Poland, France, The Netherlands, Belgium, Austria, Luxembourg and the UK. Nord Pool is a Nominated Electricity Market Operator (NEMO) in 16 European countries, while also servicing power markets in Bulgaria, Croatia and Georgia. In 2023 Nord Pool had a total turnover of 1103.83 TWh traded power.
Nord Pool’s three decades of power market experience is built on offering flexibility, transparency, innovation, greater choice and participation to our customers.
For more information, please contact:
Stuart Disbrey
Communications Director
stuart.disbrey@nordpoolgroup.com
Irene Zeier
Communications Director
irene.zeier@nordpoolgroup.com
Oslo, 12 January 2024