Where now for Nordic?

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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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