Nordic countries – Nord Pool market

The electricity market in the Nordic countries is operated by Nord Pool, the world’s first multinational electricity exchange, established in the 1990s from the Norwegian market and subsequently expanded to Sweden, Finland and Denmark, and later to the Baltic countries.

The region participates in the day-ahead and intraday markets fully coupled through the Single Day-Ahead Coupling mechanism (SDAC) and the Continuous Intraday Coupling (SIDC).

The Nordic area is divided into price zones (NO1–NO5 in Norway, SE1–SE4 in Sweden, DK1–DK2 in Denmark and FI in Finland), whose prices reflect network constraints, along with a system price that serves as a reference for financial derivatives in the region.

The transmission system operators are Statnett (Norway), Svenska kraftnät (Sweden), Fingrid (Finland) and Energinet (Denmark).

The Nordic countries have one of the cleanest generation mixes in the world, supported by large-scale hydroelectric power in Norway and Sweden, nuclear energy in Sweden and Finland, and strong onshore and offshore wind power, especially in Denmark.