Energy, Estonia, EU – Baltic States, Legislation

International Internet Magazine. Baltic States news & analytics Saturday, 23.11.2024, 14:26

Elering and Nord Pool Spot conclude a cooperation agreement

Juhan Tere, BC, Tallinn, 02.02.2010.Print version
Estonian main grid operator Elering’s board chairman Taavi Veskimägi and Nord Pool Spot (NPS) board chairman Mikael Lundin signed on Tuesday a cooperation agreement between the two companies to expand the NPS day-ahead electricity market to all of Baltic states and create a daily electricity market between the states, Postimees Online/LETA reports.

Thus Elering and Nord Pool Spot made another important step towards fully integrating the Baltic States electricity markets with the Nordic electricity market by 2013.

 

Elering’s board chairman Taavi Veskimägi said that launch of this stage completes the preparations for the Estlink price region and creates prerequisites for creating a common Baltic and Nordic states electricity market.

 

Mikael Lundin said that the necessary additions in Estonian legislation have been made and thus Nord Pool Spot opens a new price region.

 

The Nord Pool Spot Estlink price region will be opened in Estonia this spring and it is one of the prerequisites for Finnish main grid company Fingrid’s investment decision in the Finnish-Estonian Estlink 2 sea cable.

 

The parties to the agreement also aim to open a NPS price region in Latvia in 2011 and in Lithuania in 2012.





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