59°54′55″N10°38′18″E / 59.91528°N 10.63833°E /59.91528; 10.63833
 Logotype since 2024 | |
 Current markets (blue), expansion markets (green) and serviced markets (light blue) | |
| Type | Physical power exchange |
|---|---|
| Location | Oslo, Norway |
| Founded | 1993 (asStatnett Marked AS) |
| Owner |
|
| Key people | Tom Darell(CEO) Christopher Topple(Chairman) |
| Currency | NOK,SEK,DKK,EUR |
| Commodities | Electric power |
| Website | www.nordpoolgroup.com |
Nord Pool AS is a pan-Europeanpowerexchange. Nord Pool has its main office inOslo and further offices inStockholm,Helsinki,Tallinn andLondon. The company is owned by the European exchange operatorEuronext as well as TSO Holding, which represents the continentalNordic andBaltic countries'transmission system operators (TSOs:Fingrid,Energinet,Statnett,Svenska Kraftnät, andLitgrid). Nord Pool has two subsidiaries, Nord Pool AB and Nord Pool Finland Oy.
Nord Pool traces its origin toForeningen Samkjøringen (lit. theCoordination Association), apower exchange formed byeastern Norwegian electricity companies in 1932 on the initiative ofAugustin Paus, and which soon came to encompass all the electricity companies in eastern Norway. In 1971, the exchange merged with the regional exchanges in other parts of Norway and becameSamkjøringen av kraftverkene i Norge (literally theCoordination of Power Stations in Norway). As of 1988, it had 118 power companies as members.
In 1991 theNorwegian parliament decided to deregulate the market for power trading. In 1993Statnett Marked AS was established as an independent company.
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In 1996, the Swedish electricity market was also deregulated. Statnett Marked AS was subsequently replaced byNord Pool ASA, owned in equal parts by the Swedish and Norwegiantransmission system operators (TSOs),Svenska Kraftnät andStatnett. This contributed to the unification of the two countries' electricity markets.
Finland as well as western and eastern Denmark joined Nord Pool ASA in 1998, 1999 and 2000, respectively.
In 2000, Nord Pool ASA participated in establishing theLeipzig Power Exchange (now part of theEuropean Energy Exchange). Nord Pool also supplied its technology toFrance'sPowernext exchange.
On 27 December 2001, Nord Pool ASA'sspot market (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 byNasdaq, and are presently known asNasdaq Commodities.[a]
In 2005, Nord Pool Spot AS started trading and clearing ofEuropean Union (EU) emission allowances, becoming the first exchange to expand its activities into this area. The company expanded its activities toGermany by opening theKONTEK bidding area.
On 12 January 2010, Nord Pool Spot AS in cooperation with Nasdaq Commodities launched the N2EX power market in theUnited Kingdom.[7]
On 2 February 2010, Nord Pool Spot signed an agreement with the Estonian national grid companyElering to create the Nord Pool SpotEstlink bidding area starting from 1 April 2010.[8] Nord Pool Spot also delivered the technical solution for the Lithuanian market place Baltpool.[9] On 9 June 2010,APX-ENDEX, Belpex and Nord Pool Spot agreed to create a cross-border intraday electricity market based on Nord Pool Spot's Elbas technology. The common intraday market then included the Nordic countries, the Baltic countries, Germany, the Netherlands, and Belgium.[10]
In 2012, Nord Pool Spot opened a bidding area in Lithuania, and in 2013 the Latvian market was opened.[11]
On 20 January 2016, Nord Pool Spot AS was rebranded to Nord Pool AS.[12]
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.[13]
On 5 December 2019,Euronext announced that it would acquire 66% of Nord Pool.[14][1] The acquisition was completed on 15 January 2020.[15]
In 2021, Nord Pool launched day-ahead trading in Poland.[citation needed]
In 2022, a new mechanism was launched for hourly renewable energy certificates in Great Britain.[citation needed]
In 2025, Euronext acquired Nasdaq's Nordic power futures business.[16]
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