Estonian bidding area paves the way for integration of Baltic power markets
Nordic power market Nord Pool Spot has introduced a bidding area to connect Estonia to the Nordic region, as part of the exchange’s plans to further integrate the Baltic power market.
The Estlink bidding area opened for trade on the April 1 and attracted 10 participants from across Latvia, Lithuania and Estonia. Traded volumes were 3,826 megawatt hours (buy) and 9,617 MWh (sell).
According to Karri Mäkelä, director of operations at Nord Pool Spot, the new bidding area should lead to further market integration. "We are pleased to say that the launch of the Estlink area was a success, and we think that the future integration of the markets looks promising," she says.
Nord Pool
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