Nordic energy storage cable prices

How much is a megawatt hour in the Nordic market?

Saturday had initially been settled at what was then a record-high of 228.02 euros per megawatt hour, but market participants raised concerns as this was above prices for each of the underlying 12 individual bidding areas that make up the Nordic market, prompting Nord Pool to check.

Will Norway's new cable lead to exports of electricity?

The new cable between the UK and Norway will lead to exports of electricity from Norway, as it links Norway's southern price zone with the British power market. However, there are detractors in Norway who argue that this electricity could best be used at home.

How does the Nord Pool system price work?

Each day, the Nord Pool power exchange calculates the system price for the following day. The system price is theoretical, and is based on the assumption that there is no congestion in the Nordic transmission grid.

Why is battery-based energy storage important in the Nordics?

The region is striving to become Europe’s clean energy hub and is gaining leadership in the green transition of industry. Battery-based energy storage is a vital addition to the Nordics' energy system to integrate an even higher share of renewable energy from abundant wind and hydropower.

Why does Norway import electricity at night?

In thermal power systems, it is costly to regulate production, and there is wider variation in electricity prices during the course of a day. These differences mean that Norway can import electricity from abroad at night, when the price is lower, and export it during the day, when consumption and prices are higher.

Does Nord Pool have an intraday market?

Nord Pool now has an intraday market that operates in the Nordic region, the Baltic region, Germany and the UK. Balancing markets Although the day-ahead and intraday market creates a balance between production and consumption towards the operating hour, there will still be unforeseen events that disturb the balance in the operating hour.