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Nord Pool AS is a pan-European
power Power most often refers to: * Power (physics), meaning "rate of doing work" ** Engine power, the power put out by an engine ** Electric power * Power (social and political), the ability to influence people or events ** Abusive power Power may a ...
exchange Exchange may refer to: Physics *Gas exchange is the movement of oxygen and carbon dioxide molecules from a region of higher concentration to a region of lower concentration. Places United States * Exchange, Indiana, an unincorporated community * ...
. Nord Pool has a main office in
Oslo Oslo ( , , or ; sma, Oslove) is the capital and most populous city of Norway. It constitutes both a county and a municipality. The municipality of Oslo had a population of in 2022, while the city's greater urban area had a population of ...
and further offices in
Stockholm Stockholm () is the Capital city, capital and List of urban areas in Sweden by population, largest city of Sweden as well as the List of urban areas in the Nordic countries, largest urban area in Scandinavia. Approximately 980,000 people liv ...
,
Helsinki Helsinki ( or ; ; sv, Helsingfors, ) is the Capital city, capital, primate city, primate, and List of cities and towns in Finland, most populous city of Finland. Located on the shore of the Gulf of Finland, it is the seat of the region of U ...
,
Tallinn Tallinn () is the most populous and capital city of Estonia. Situated on a bay in north Estonia, on the shore of the Gulf of Finland of the Baltic Sea, Tallinn has a population of 437,811 (as of 2022) and administratively lies in the Harju ' ...
,
Berlin Berlin ( , ) is the capital and largest city of Germany by both area and population. Its 3.7 million inhabitants make it the European Union's most populous city, according to population within city limits. One of Germany's sixteen constitue ...
and
London London is the capital and largest city of England and the United Kingdom, with a population of just under 9 million. It stands on the River Thames in south-east England at the head of a estuary down to the North Sea, and has been a majo ...
. The company is owned by the European exchange operator
Euronext Euronext N.V. (short for European New Exchange Technology) is a pan-European bourse that offers various trading and post-trade services. Traded assets include regulated equities, exchange-traded funds (ETF), warrants and certificates, bonds, ...
as well as TSO Holding, which represents the continental Nordic and
Baltic Baltic may refer to: Peoples and languages * Baltic languages, a subfamily of Indo-European languages, including Lithuanian, Latvian and extinct Old Prussian *Balts (or Baltic peoples), ethnic groups speaking the Baltic languages and/or originati ...
countries'
transmission system operator File:Electricity grid simple- North America.svg, 380px, Simplified diagram of AC electricity grid from generation stations to consumers rect 2 243 235 438 Power station rect 276 317 412 556 Transformer rect 412 121 781 400 Electric power transmis ...
s (TSOs:
Fingrid Fingrid Oyj is a Finnish national electricity transmission grid operator. It is owned by the Finnish state (53.1 %) and various financial and insurance institutions (46.9 %). In 2011, power companies Fortum Fortum Oyj is a Finnish state-ow ...
,
Energinet Energinet is the Danish national transmission system operator for electricity and natural gas. It is an independent public enterprise owned by the Danish state under the Ministry of Climate and Energy. Energinet has some 1150 employees, an ...
,
Statnett Statnett is a Norwegian state owned enterprise responsible for owning, operating and constructing the stem power grid in Norway. The company has its headquarters in Oslo, Norway. Statnett also owns 30% of the Nord Pool Spot along with other Nor ...
, Svenska Kraftnät, and
Litgrid Litgrid AB is a Lithuanian electricity transmission system operator that operates Lithuania's electricity transmission grid. Litgrid is responsible for the integration of the Lithuanian electricity system into the European electricity infrastruct ...
). Nord Pool has two subsidiaries, Nord Pool AB and Nord Pool Finland Oy.


History


1932-1991: Norwegian origins

Nord Pool traces its origin to ' (lit. the ''Coordination Association''), a power exchange formed by eastern Norwegian electricity companies in 1932 on the initiative of
Augustin Paus Augustin Thoresen Paus (22 July 1881, in Christiania – 20 September 1945) was a Norwegian engineer and industrial leader in the hydropower industry. From 1918 he led the construction of the hydroelectric power plant at Rånåsfoss, one of the ...
, and which soon encompassed all the electricity companies in eastern Norway. In 1971 the exchange merged with the regional exchanges in other parts of Norway, and became ' (literally the ''Coordination of Power Stations in Norway''), with 118 power companies as members as of 1988.


1991-2000: Nordic deregulation and integration

In 1991 the
Norwegian parliament The Storting ( no, Stortinget ) (lit. the Great Thing) is the supreme legislature of Norway, established in 1814 by the Constitution of Norway. It is located in Oslo. The unicameral parliament has 169 members and is elected every four years bas ...
decided to deregulate the market for power trading. In 1993 Statnett Marked AS was established as an independent company. In 1996, the Swedish electricity market was also deregulated. Statnett Marked AS was subsequently replaced by Nord Pool ASA, owned in equal parts by the Swedish and Norwegian
transmission system operator File:Electricity grid simple- North America.svg, 380px, Simplified diagram of AC electricity grid from generation stations to consumers rect 2 243 235 438 Power station rect 276 317 412 556 Transformer rect 412 121 781 400 Electric power transmis ...
s (TSOs), Svenska Kraftnät and
Statnett Statnett is a Norwegian state owned enterprise responsible for owning, operating and constructing the stem power grid in Norway. The company has its headquarters in Oslo, Norway. Statnett also owns 30% of the Nord Pool Spot along with other Nor ...
. This contributed to the unification of the two countries' electricity markets.
Finland Finland ( fi, Suomi ; sv, Finland ), officially the Republic of Finland (; ), is a Nordic country in Northern Europe. It shares land borders with Sweden to the northwest, Norway to the north, and Russia to the east, with the Gulf of B ...
as well as western and eastern Denmark joined Nord Pool ASA in 1998, 1999 and 2000, respectively.


2000-present: Expansion in Europe

In 2000, Nord Pool ASA participated in establishing the
Leipzig Leipzig ( , ; Upper Saxon: ) is the most populous city in the German state of Saxony. Leipzig's population of 605,407 inhabitants (1.1 million in the larger urban zone) as of 2021 places the city as Germany's eighth most populous, as wel ...
Power Exchange (now part of the
European Energy Exchange European Energy Exchange (EEX) AG is a central European electric power and related commodities exchange located in Leipzig, Germany. It develops, operates and connects secure, liquid and transparent markets for energy and related products, inc ...
). Nord Pool also supplied its technology to
France France (), officially the French Republic ( ), is a country primarily located in Western Europe. It also comprises of Overseas France, overseas regions and territories in the Americas and the Atlantic Ocean, Atlantic, Pacific Ocean, Pac ...
's
Powernext Powernext SA, incorporated in 2001, is a regulated market operating under AMF supervision. Based in Paris, Powernext manages the natural gas activities of the EEX Group under the PEGAS brand throughout Europe, and operates the National Registry f ...
exchange. On 27 December 2001, Nord Pool ASA's
spot market The spot market or cash market is a public financial market in which financial instruments or commodities are traded for immediate delivery. It contrasts with a futures market, in which delivery is due at a later date. In a spot market, settle ...
(derivatives and physical energy markets) activities were spun off into a new company, Nord Pool Spot AS. The remaining parts of Nord Pool ASA were later acquired by
Nasdaq The Nasdaq Stock Market () (National Association of Securities Dealers Automated Quotations Stock Market) is an American stock exchange based in New York City. It is the most active stock trading venue in the US by volume, and ranked second ...
, and are presently known as Nasdaq Commodities. In 2005, Nord Pool Spot AS started trading and clearing of
European Union The European Union (EU) is a supranational political and economic union of member states that are located primarily in Europe. The union has a total area of and an estimated total population of about 447million. The EU has often been des ...
(EU) emission allowances, becoming the first exchange to expand its activities into this area. The company expanded its activities to
Germany Germany,, officially the Federal Republic of Germany, is a country in Central Europe. It is the second most populous country in Europe after Russia, and the most populous member state of the European Union. Germany is situated betwe ...
by opening the
KONTEK The Kontek HVDC is a long, monopolar 400 kV high-voltage direct current cable between Germany and the Danish island Zealand. Its name comes from "continent" and the name of the former Danish power transmission company "Elkraft", which o ...
bidding area. On 12 January 2010, Nord Pool Spot AS in cooperation with Nasdaq Commodities launched the N2EX power market in the
United Kingdom The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Europe, off the north-western coast of the continental mainland. It comprises England, Scotland, Wales and North ...
. On 2 February 2010, Nord Pool Spot signed an agreement with the Estonian national grid company
Elering Elering AS (former name: OÜ Põhivõrk) is a national transmission system operator for electricity and natural gas with headquarters in Tallinn, Estonia. The managing director of Elering is Taavi Veskimägi. History Elering was established on ...
to create the Nord Pool Spot
Estlink Estlink is a set of HVDC submarine power cables between Estonia and Finland. Estlink 1 is the first interconnection between the Baltic and Nordic electricity markets followed by Estlink 2 in 2014. The main purpose of the Estlink connection is to ...
bidding area starting from 1 April 2010. Nord Pool Spot also delivered the technical solution for the Lithuanian market place Baltpool. On 9 June 2010,
APX-ENDEX APX Group (APX) is an energy exchange operating the spot markets for electricity in the Netherlands, the United Kingdom, and Belgium. Established in 1999, APX provides exchange trading, central clearing and settlement, and data distribution se ...
, Belpex and Nord Pool Spot agreed to create a cross-border intraday electricity market based on Nord Pool Spot's Elbas technology. Today, the common intraday market includes the Nordic countries, the Baltic countries, Germany, the Netherlands, and Belgium. In 2012, Nord Pool Spot opened a bidding area in Lithuania, and in 2013 the Latvian market was opened. On 20 January 2016, Nord Pool Spot AS was rebranded to Nord Pool AS. On 27 August 2019 Nord Pool started trading in France, Germany, Luxembourg, Belgium, Austria and the Netherlands, the result of a European Union decision to allow several power exchanges to operate in the same markets, increasing competition. On 5 December 2019
Euronext Euronext N.V. (short for European New Exchange Technology) is a pan-European bourse that offers various trading and post-trade services. Traded assets include regulated equities, exchange-traded funds (ETF), warrants and certificates, bonds, ...
announced that it would acquire 66% of Nord Pool. The acquisition was completed on 15 January 2020.


See also


Other pan-European exchanges

*
European Energy Exchange European Energy Exchange (EEX) AG is a central European electric power and related commodities exchange located in Leipzig, Germany. It develops, operates and connects secure, liquid and transparent markets for energy and related products, inc ...
* European Power Exchange *
Euronext Euronext N.V. (short for European New Exchange Technology) is a pan-European bourse that offers various trading and post-trade services. Traded assets include regulated equities, exchange-traded funds (ETF), warrants and certificates, bonds, ...
*
Nasdaq Nordic Nasdaq Nordic is the common name for the subsidiaries of Nasdaq, Inc. that provide financial services and operate marketplaces for securities in the Nordic and Baltic regions of Europe. Historically, the operations were known by the company ...


Related technology companies

*
European Market Coupling Company European Market Coupling Company, EMCC or emcc, is a provider of congestion management services for cross-border electrical interconnectors. This is done by means of ''market coupling'', in particular ''tight volume coupling''. EMCC is a joint ...
*
European Network of Transmission System Operators for Electricity ENTSO-E, the European Network of Transmission System Operators, represents 39 electricity transmission system operators (TSOs) from 35 countries across Europe, thus extending beyond EU borders. ENTSO-E was established and given legal mandates by ...
(ENTSO-E) *
European Network of Transmission System Operators for Gas The European Network of Transmission System Operators for Gas (ENTSOG) is an association of Europe's transmission system operators (TSOs). ENTSOG was created on 1 December 2009 by 31 TSOs from 21 European countries. Creation of the ENTS ...
(ENTSO-G) *
Council of European Energy Regulators The Council of European Energy Regulators (CEER) is a non-profit organisation in which Europe's national energy regulators voluntarily cooperate to protect consumer interests and to facilitate the creation of a single, competitive and sustaina ...
(CEER) *
European Regulators' Group for Electricity and Gas The European Regulators' Group for Electricity and Gas (ERGEG) was an advisory group to the European Commission on internal energy market issues in Europe. ERGEG was set up by the European Commission to assist the commission in consolidating a si ...
(ERGEG)


Regulations and agencies

*
Regulation on Wholesale Energy Market Integrity and Transparency Regulation on Wholesale Energy Market Integrity and Transparency (REMIT) is an EU regulation designed to increase the transparency and stability of the European energy markets while combating insider trading and market manipulation. REMIT was ado ...
*
Agency for the Cooperation of Energy Regulators The European Union Agency for the Cooperation of Energy Regulators (ACER) is an Agency of the European Union by the Third Energy Package in 2009. It was established in 2010 and has its seat in Ljubljana, Slovenia. On 6 May, the administrative b ...
*
Energy Community The Energy Community, commonly referred to as the Energy Community of South East Europe (ECSEE), is an international organization consisting of the European Union (EU) and a number of non-EU countries. It aims to extend the EU internal energy ...


Notes


References


External links


Nord Pool AS website
{{Euronext topics Euronext markets Electric power exchanges in Europe Companies established in 2002 Companies based in Oslo Electricity markets Electric power in Norway Electric power in Denmark Electric power in Sweden Electric power in Finland Electric power in Estonia Electric power in Lithuania Energy in Europe 2002 establishments in Norway Nordic energy market