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Nord Pool
59°54′55″N 10°38′18″E / 59.91528°N 10.63833°E
Nord Pool AS is a pan-European power exchange. Nord Pool has its main office in Oslo and further offices in Stockholm, Helsinki, Tallinn and London. The company is owned by the European exchange operator Euronext as well as TSO Holding, which represents the continental Nordic and Baltic countries' transmission system operators (TSOs: Fingrid, Energinet, Statnett, Svenska Kraftnät, and Litgrid). Nord Pool has two subsidiaries, Nord Pool AB and Nord Pool Finland Oy.
Nord Pool traces its origin to Foreningen Samkjøringen (lit. the Coordination Association), a power exchange formed by eastern Norwegian electricity companies in 1932 on the initiative of Augustin 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 became Samkjøringen av kraftverkene i Norge (literally the Coordination of Power Stations in Norway). As of 1988, it had 118 power companies as members.
In 1991 the Norwegian parliament 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 operators (TSOs), Svenska Kraftnät and Statnett. 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 the Leipzig Power Exchange (now part of the European Energy Exchange). Nord Pool also supplied its technology to France's Powernext exchange.
On 27 December 2001, Nord Pool ASA's spot 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 by Nasdaq, and are presently known as Nasdaq Commodities.
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Nord Pool
59°54′55″N 10°38′18″E / 59.91528°N 10.63833°E
Nord Pool AS is a pan-European power exchange. Nord Pool has its main office in Oslo and further offices in Stockholm, Helsinki, Tallinn and London. The company is owned by the European exchange operator Euronext as well as TSO Holding, which represents the continental Nordic and Baltic countries' transmission system operators (TSOs: Fingrid, Energinet, Statnett, Svenska Kraftnät, and Litgrid). Nord Pool has two subsidiaries, Nord Pool AB and Nord Pool Finland Oy.
Nord Pool traces its origin to Foreningen Samkjøringen (lit. the Coordination Association), a power exchange formed by eastern Norwegian electricity companies in 1932 on the initiative of Augustin 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 became Samkjøringen av kraftverkene i Norge (literally the Coordination of Power Stations in Norway). As of 1988, it had 118 power companies as members.
In 1991 the Norwegian parliament 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 operators (TSOs), Svenska Kraftnät and Statnett. 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 the Leipzig Power Exchange (now part of the European Energy Exchange). Nord Pool also supplied its technology to France's Powernext exchange.
On 27 December 2001, Nord Pool ASA's spot 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 by Nasdaq, and are presently known as Nasdaq Commodities.