Nordic power outlook

While it has traditionally been a large, stable and liquid power market, the Nordic region has begun initiating change as it prepares for a future with less trading activity from financial players, growing volatility due to renewables and increased interconnection with the rest of Europe. Gillian Carr reports

As the oldest electricity market in Europe, the Nordic market’s maturity has helped it weather the choppy financial waters of the past few years with relative ease. But as European markets move towards greater integration and market coupling, players caution that the Nordic market needs to continue to innovate and pursue new goals, such as encouraging smaller physical producers and hedgers to