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Norway grants EPEX SPOT power trading licence - Report

Power News - Published on Mon, 18 Feb 2019

Image Source: ET EnergyWorld
Reuters reported that EPEX SPOT, part of European energy bourse EEX, has received a licence to operate an intraday market in Norway. The regulator NVE said the permit would end a long-standing regional monopoly for Nordic power exchange Nord Pool and increase competition between trading platforms for spot electricity trading. The regulator said in a statement that "NVE has announced a decision on a licence for the organisation and operation of the marketplace for the intraday market for EPEX SPOT.”

The licence applies for two years. The regulator is still looking into whether to grant EPEX another licence for day-ahead trades.

EPEX executive Wolfram Vogel said that "Having already received the NEMO (Nominated Electricity Market Operator) passport status in all other Nordic countries, this licence completes the portfolio and allows us to continue preparing market launches in the Nordics for our trading members."

Aan EPEX spokeswoman said that "EPEX SPOT plans to extend its intraday offer to the Nordics in the second half of 2019. There is no precise timeline yet.”

EPEX had said in 2018 it was planning expansion in Denmark, Finland, Norway, Sweden, Estonia, Latvia, Lithuania and Poland, depending on progress in pooling locally nominated operators.

Source :

Posted By : Rabi Wangkhem on Mon, 18 Feb 2019
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