Euronext and Nord Pool introduce new power futures markets, enhancing liquidity and stability in Nordic and Baltic regions.
Euronext and Nord Pool introduce new power futures markets, enhancing liquidity and stability in Nordic and Baltic regions.
Euronext and Nord Pool have announced a significant development in the energy trading sector by introducing a new Nordic and Baltic power derivatives market. The Euronext Nord Pool Power Futures initiative marks a significant expansion for both companies and will launch on Euronext’s Optiq trading platform, with Euronext Clearing handling the clearing.
The decision to create this dedicated market follows thorough discussions with market participants. The Euronext Nord Pool Power Futures will address the industry’s demand for a robust, long-term infrastructure focused on secure power futures trading in the Nordic and Baltic regions. Moreover, the new market will feature cash-settled futures for various maturities on System Prices and EPADs (Electricity Price Area Differentials) across these regions, with underlying spot indices provided by Nord Pool. They anticipate starting client testing for future contracts in March 2025.
Camille Beudin, Head of Diversified Services at Euronext and Chairman of the Board at Nord Pool underscored the strategic advantage of this new market: “The launch of Euronext Nord Pool Power Futures is a strategic move that leverages Euronext’s extensive experience in energy markets combined with Nord Pool’s strong Nordic roots. This collaboration aims to provide a competitive and compelling market offering, a unique selling point that will benefit our customers.”
Tom Darell, CEO of Nord Pool, highlighted the significance of this initiative in revitalizing the Nordic and Baltic power markets: “Our commitment to establishing a durable and liquid power derivatives market for these regions is unwavering. In the wake of the energy crisis, while we have seen signs of recovery, it is crucial to reinforce and accelerate this trend. Our collaboration with Euronext is designed to restore liquidity and attract volumes from the OTC market, addressing the sector’s need for stability and foresight.”
Extensive consultations with major players in the Nordic and Baltic power sectors, representing over 70% of market volumes, have underscored the necessity for a liquid power futures market. Lastly, this new initiative aims to eliminate uncertainties and provide a clear, reliable platform for trading in these crucial energy markets.
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