The Nordic electric power market features direct trading among players (bilateral trade) and trading via the power exchange, Nord Pool Spot.

Nord Pool Spot AS physical markets play a number of important roles:

• provide a neutral, transparent reference price for both the wholesale and retail markets
• provide a reference price for power derivatives traded at the Nordic power exchange for financial contracts in Nord Pool ASA and bilaterally.
• serve as a grid congestion management tool.
• provide easy access to a physical trading at low transaction costs.
• create the possibility of balancing portfolios close to time of operation
• Nord Pool Spot AS promotes intereuropean cooperation through market coupling to Germany, the Netherlands and other European countries
• Nord Pool Spot AS is a non-mandatory power exchange

Please see the menu to the left for more information on the Nordic model.