About Nord Pool

The business of the Nordic power exchange is to provide market places for trading in physical and financial contracts in the Nordic countries (Finland, Sweden, Denmark and Norway). Its physical market accounts for over 70 per cent of the total value of the Nordic region’s power consumption. Price formation in the physical market provides players in the financial market with a credible and secure reference price for financially settled contracts. This makes Nord Pool’s physical and financial markets far more liquid than any other European power exchange. Exchange services are offered through Nord Pool ASA and Nord Pool Spot AS.

The Nord Pool trading also provide a carbon market, being the first exchange in Europe to offer standardized contracts for emission allowances (EUA) and carbon credits (CER).

Organisation

NORD POOL ASA:
Nord Pool ASA operates the world’s largest power derivatives exchange and among Europe’s largest carbon exchanges for trade in EUAs and CERs. Nord Pool ASA holds the exchange license and is responsible for operating all the exchange traded products. Nord Pool ASA is owned by Statnett and Svenska Kraftnät with fifty per cent each.

NASDAQ OMX COMMODITIES:
NASDAQ OMX Commodities is part of the NASDAQ OMX Group Inc. NASDAQ OMX Commodities comprises international derivatives, carbon products, clearing business and consulting services for ommodities markets globally. 

NORD POOL SPOT ASA:
Nord Pool Spot AS and its subsidiaries Nord Pool Finland Oy and Nord Pool Spot AB are owned by the national grid companies. Statnett and Svenska Kraftnät own thirty per cent each. Fingrid and Energinet.dk own twenty per cent each.

MEMBERS:

Nord Pool ASA and NASDAQ OMX Commodities have more than 385 members in total, including exchange members, clearing clients, members and representatives in from over 20 countries.

The membership includes energy producers, energy-intensive industries, large consumers, distributors, funds, investment companies, banks, brokers, utility companies and financial institutions.

Services from Nord Pool/NASDAQ OMX Commodities

The physical market

The physical market is the basis for all electricity trading in the Nordic market. The spot price set here forms the basis for the financial market. Nord Pool Spot AS organises the marketplace which comprises the Elspot and Elbas products. Elspot is the common Nordic market for trading physical electricity contracts with next-day supply. Elbas is a physical balance adjustment market for Sweden, Finland and Denmark. Both the Elspot and Elbas market also include the KONTEK area in Germany.

The financial market

Nord Pool ASA provides a marketplace where the exchange members can trade derivative contracts in the financial market. Financial electricity contracts are used to guarantee prices and manage risk when trading power. Nord Pool offers contracts of up to six years' duration, with contracts for days, weeks, months, quarters and years. The Nordic derivate products are owned by Nord Pool ASA.

All international contracts and the carbon products are owned by NASDAQ OMX Commodities.

Clearing services

The clearing house enters into financial electrcity contracts, EUA and CER contracts as a contractual counterparty. The clearing house assumes liability for covering the future settlement of these contracts, thereby reducing the risk for both buyer and seller. NASDAQ OMX Commodidites provides clearing for standardised contracts traded on the exchange and in the over-the-counter (OTC) market.

Power consulting services

Nord Pool Consulting AS is a consulting company specialising in services in the fields of consulting, operations and development of international deregulated power markets.