Season's Greetings from All at Nord Pool!
It was another challenging, fascinating and unpredictable year for power sector businesses and stakeholders, during 2024.
At Nord Pool, as always, we have been pleased once again to work closely with our customers across Europe and the wider world, to deliver simple, efficient and secure power trading.
Above all, we place a very high value on the frank and forthright feedback we have received concerning our broad range of products and services, as well as the continuing trust placed in Nord Pool by all our members.
We want to wish customers the very best for the festive season and the New Year - we look forward to achieving even more with you in 2025.
Last Hour Intraday Changes
Implementation of the Electricity Market Design reform means Europe now operates under a single price signal across all electricity markets during the last hour of intraday trading, where permitted.
This is a game-changer for countries like Austria, Belgium, France, Germany, Luxembourg, the Netherlands and Finland where, previously, intraday liquidity was restricted to local markets during final hour trading.
The order book for the last hour of trading is now shared by all power exchanges, meaning:
- Enhanced market efficiency
- Greater transparency
- Expanded trading opportunities
Now is the time to trade closer to delivery with Nord Pool - contact your local Market Manager to find out more.
15-minute Trading for Baltic Market
Nord Pool, in partnership with the relevant transmission system operators, has successfully transitioned the Baltic region to 15-minute intraday trading intervals - the shift being successfully implemented with the first intraday auctions on Monday 16 December (Tuesday 17 December for continuous trading).
The transition from the traditional 60-minute, to the new 15-minute, trading intervals aims to improve market efficiency and to better integrate the increasingly important renewable energy element of the power trading mix.
Nord Pool was pleased to work closely with the transmission system operators of the three Baltic countries: Estonia’s Elering, Latvia’s JSC Augstsprieguma tīkls (AST), and Lithuania’s Litgrid, to implement this important trading transition.
To find out more about trading in the Baltic region contact your Nord Pool market manager.
France Meets Finland
Earlier this month, Nord Pool was pleased to have a number of our team members attending a fascinating conference jointly hosted by the French Embassy in Finland and the Economic Services of the French Nordic Embassies.
The team was delighted to engage with 30 key stakeholders from the Finnish energy industry and key French companies active in Finland.
Our Chief Strategy Officer, Julien Cossé, delivered an insightful presentation on Nord Pool's role in cross-border power trading, 30 years of European market integration and the importance of the European electricity market in energy transition.
If you'd like to know more about trading power in Finland, contact our Finland market Manager, Thomas Ignatius.
EPAD Up and Running
Nord Pool is delighted that Statnett's Electricity Price Area Differentials (EPAD) futures contract auctions successfully launched earlier this month.
The new auctions, which see Statnett buying and selling monthly, quarterly and calendar EPAD contracts on three borders (NO1/NO2, NO1/NO5, NO3/NO4), will take place biweekly, according to the published auction calendar. Nord Pool won the tender to run them earlier this year and has pulled out all the stops to ensure the EPAD auctions could be delivered on time.
The auctions will provide important hedging opportunities for market participants in Norway and will actively support the liquidity of the Nordic derivatives market.
For more information on taking full advantage of the hedging and other business opportunities offered by the new auctions, click here.
See You at E-World 2025!
We look forward to meeting a wide range of our customers and other power sector stakeholders at E-World 2025 in Essen, from Tuesday 11 to Thursday 13 February 2025. The Nord Pool team will be pleased to greet you in Hall 3 stand 3F100, on the Montel stand.
If you plan to attend and would like to talk to one, or more, of the Nord Pool team, we will be happy to schedule a meeting.
Sign Up and Unravel the Market
If your New Year resolution will be to better understand the intricacies of the power market, why not join us for an expert exploration of just that topic?
Our ever-popular Physical and Financial Power Market Course returns on Tuesday 4th and Wednesday 5th February 2025 and seeks to unravel the complexity around the modern power market.
This course is ideal for traders and investors and those with a more general interest in the increasingly important energy sector.
A Look at November Prices
In our most recent market update video, Nord Pool's Jan Foyn takes us through last month's happenings in the power market.
Remember, you can always find all the key current and historical power market data on our data portal.