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History


Norway was the first of the Nordic countries to deregulate its power markets. The Energy Act of 1990, formed the basis for deregulation in the other Nordic countries. 

1991
Norwegian parliament's decision to deregulate the market for power trading goes into effect.

1993
Statnett Marked AS (now Nord Pool ASA) is established as an independent company. Total volume in the first operating year is 18.4 TWh, at a value of NOK 1.55 billion.

1995
The framework for an integrated Nordic market for physical contracts was made by Storting Report No. 11 1995/96 to the Norwegian Parliament. Together with Nord Pool's license for cross-boarder trading, given by Norges Vassdrags- og Energiverk (Norwegian Water Resources and Energy Administration), this report made the foundation for spot trading at Nord Pool.

1996
Start-up of joint Norwegian-Swedish power exchange, the world's first multinational exchange for trade in power contracts. The power exchange is renamed Nord Pool ASA.

1998
Finland joins the Nordic power exchange market area, and the EL-EX power exchange in Helsinki enters into an agreement to represent Nord Pool in Finland. Nord Pool opens an office in Odense, Denmark.

1999
Elbas is launched as a separate market for power balance adjustment in Finland and Sweden. Western Denmark (Jutland/Funen) Elspot area trade begins 1 July.

2000
The Nordic power market becomes fully integrated when Eastern Denmark becomes a Nordic Power Exchange price area October 1st.

2002
Nord Pool's spot market activities are organized in a separate company, Nord Pool Spot AS, owned by all of the transmission system operators in the Nordic power exchange area and by Nord Pool ASA.

2004
Eastern Denmark joins the Elbas market.

2005
Nord Pool Spot opens the KONTEK bidding area in Germany, which geographically gives access to the Vattenfall Europe Transmission control area.

2006
Nord Pool Spot opens office in Berlin, Germany. Nord Pool Spot launches Elbas in Germany.

2007
Western Denmark joins the Elbas market. SESAM - the new Elspot trading system, is set into production.

2008
Highest turnover and market share recorded in the company's history. Elspot market share 70%.

2009
Norway joins the Elbas intraday market. The European Market Coupling Company relaunches the Danish-German market coupling on 9 November 2009. Nord Pool Spot implemented a negative price floor in Elspot.

2010
Nord Pool Spot and NASDAQ OMX Commodities launch the UK power market N2EX. Nord Pool Spot delivers the technical solution for a new Lithuanian market place.