21.01.2021 / 13:14
European Power Spot Exchanges (Part 1)
In 2023 Nord Pool, which is owned by Euronext and the continental Nordic and Baltic countries' Transmission System Operators (TSOs), marks its 30 years anniversary. With its presence in the majority of European countries, Nord Pool holds the position of being the leading power market in Europe. The exchange offers trading, clearing, settlement, and related services for both day-ahead and intraday markets.
Nord Pool provides continuous intraday trading services across 16 countries, with Poland being the latest addition to the markets since August. Moreover, new thirty- and fifteen-minute products at various borders are introduced. As a provider of efficient, secure, and straightforward day-ahead trading services in the Nordics, Baltics, Central Western Europe, and the UK regions, Nord Pool has extended its services to also include Poland since January 2021.
In 2022, Nord Pool had a total turnover of 1077 TWh of traded power, thereof
➡️ a volume of 1039 TWh traded in day-ahead markets
➡️ approx. 38 TWh on intraday markets
The European power market is diverse. Besides many different market participants and a huge set of tradable power products, there are quite a few power exchanges spread across Europe.
The power spot procedures, tradable contracts, and volumes as well as the participation in e.g. above-mentioned initiatives show a big spread across these different European power exchanges.
The FORRS Factsheets summarise the details for a set of important European exchanges.