Nord Pool AS is a pan-European

power Power may refer to: Common meanings * Power (physics), meaning "rate of doing work" ** Engine power, the power put out by an engine ** Electric power, a type of energy * Power (social and political), the ability to influence people or events Math ...

exchange Exchange or exchanged may refer to: Arts, entertainment and media Film and television * Exchange (film), or ''Deep Trap'', 2015 South Korean psychological thriller * Exchanged (film), 2019 Peruvian fantasy comedy * Exchange (TV program), 2021 Sou ...

. Nord Pool has its main office in

Oslo Oslo ( or ; ) 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 1,064,235 in 2022 ...

and further offices in

Stockholm Stockholm (; ) is the Capital city, capital and List of urban areas in Sweden by population, most populous city of Sweden, as well as the List of urban areas in the Nordic countries, largest urban area in the Nordic countries. Approximately ...

Helsinki Helsinki () is the Capital city, capital and most populous List of cities and towns in Finland, city in Finland. It is on the shore of the Gulf of Finland and is the seat of southern Finland's Uusimaa region. About people live in the municipali ...

Tallinn Tallinn is the capital city, capital and List of cities in Estonia, most populous city of Estonia. Situated on a Tallinn Bay, bay in north Estonia, on the shore of the Gulf of Finland of the Baltic Sea, it has a population of (as of 2025) and ...

and

London London is the Capital city, capital and List of urban areas in the United Kingdom, largest city of both England and the United Kingdom, with a population of in . London metropolitan area, Its wider metropolitan area is the largest in Wester ...

. The company is owned by the European exchange operator

Euronext Euronext N.V. (short for European New Exchange Technology) is a European bourse that provides trading and post-trade services for a range of financial instruments. Traded assets include regulated equities, exchange-traded funds (ETF), warrant ...

as well as TSO Holding, which represents the continental

Nordic Nordic most commonly refers to: * Nordic countries, the northern European countries of Denmark, Finland, Iceland, Norway and Sweden, and their North Atlantic territories * Scandinavia, a cultural, historical and ethno-linguistic region in northern ...

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 originatin ...

countries'

transmission system operator File:Electricity grid simple- North America.svg, 380px, Simplified diagram of AC electricity grid from generation stations to consumers in North America rect 2 243 235 438 Power station rect 276 317 412 556 Transformer rect 412 121 781 400 Elect ...

s (TSOs:

Fingrid Fingrid Oyj is a Finland, Finnish national electrical grid, 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 Power and Heat ...

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, ...

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 No ...

Svenska Kraftnät Svenska kraftnät is an electricity transmission system operator in Sweden. It is current led by director-general Per Eckemark since 2025. It is a state-owned public utility, which was created in 1992 by splitting the former government agency Va ...

, 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 infrastruc ...

). 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 who played a key role in hydropower development in Norway through the first half of the 20th century. He graduated as an o ...

, 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 became ' (literally the ''Coordination of Power Stations in Norway''). As of 1988, it had 118 power companies as members.

1991–2000: Nordic deregulation and integration

In 1991 the

Norwegian parliament The Storting ( ; ) 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 based on party-list proportional represe ...

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

s (TSOs),

and

. This contributed to the unification of the two countries' electricity markets.

Finland Finland, officially the Republic of Finland, is a Nordic country in Northern Europe. It borders Sweden to the northwest, Norway to the north, and Russia to the east, with the Gulf of Bothnia to the west and the Gulf of Finland to the south, ...

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 States of Germany, German state of Saxony. The city has a population of 628,718 inhabitants as of 2023. It is the List of cities in Germany by population, eighth-largest city in Ge ...

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 located primarily in Western Europe. Overseas France, Its overseas regions and territories include French Guiana in South America, Saint Pierre and Miquelon in the Atlantic Ocean#North Atlan ...

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, s ...

(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) is an American stock exchange based in New York City. It is the most active stock trading venue in the U.S. by volume, and ranked second on the list ...

, 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 union, supranational political union, political and economic union of Member state of the European Union, member states that are Geography of the European Union, located primarily in Europe. The u ...

(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 lies between the Baltic Sea and the North Sea to the north and the Alps to the south. Its sixteen States of Germany, constituent states have a total popu ...

by opening the KONTEK 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 Northwestern Europe, off the coast of European mainland, the continental mainland. It comprises England, Scotlan ...

. 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 ...

to create the Nord Pool Spot

Estlink Estlink is a set of HVDC submarine power cables between Estonia and Finland. Estlink 1 was the first interconnection between the Baltic and Nordic electricity markets followed by Estlink 2 in 2014. The main purpose of the Estlink connection is t ...

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 s ...

, 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. 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,

announced that it would acquire 66% of Nord Pool. The acquisition was completed on 15 January 2020. In 2021, Nord Pool launched day-ahead trading in Poland. In 2022, a new mechanism was launched for hourly renewable energy certificates in Great Britain. In 2025, Euronext acquired Nasdaq's Nordic power futures business.https://www.euronext.com/en/about/media/euronext-press-releases/euronext-acquire-nasdaqs-nordic-power-futures-business

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 Energy in Europe 2002 establishments in Norway Nordic energy market

History

1932–1991: Norwegian origins

1991–2000: Nordic deregulation and integration

2000–present: Expansion in Europe

See also

Other pan-European exchanges

Related technology companies

Regulations and agencies

Notes

References

External links