Where now for Nordic?

The Nordic electricity sector is usually held up as the best working market in the world. We investigate why it is so successful and what it plans to do now that other countries in Europe are opening up their power sectors. By Joel Hanley

Most people you speak to in the Nordic electricity markets agree on one thing: the sector runs well because it has a firmly founded spot price. As a result, financial trading on the strength of this price has risen sharply since Norwegian market deregulation in January 1, 1991.

“We have a spot price that everyone uses as a reference and everyone believes in,” says Ragnar Ottosen, president and chief executive of Oslo-based portfolio manager SKM. “Even if spot prices differ between Finland, Norway

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