The new Euronext Nord Pool Power Futures market will be traded on Euronext’s Optiq® trading platform and cleared by Euronext Clearing
Amsterdam, Brussels, Dublin, Lisbon, Milan, Oslo and Paris – 27 August 2024 – Euronext today announced that Nord Pool, the European power market, is to enter a new area of business with the launch, together with Euronext, of a dedicated Nordic and Baltic power derivatives market.
The new Euronext Nord Pool Power Futures market will be traded on Euronext’s pan-European Optiq® trading platform and cleared by Euronext Clearing. The announcement comes after extensive consultation with market participants. Euronext Nord Pool Power Futures will be designed to answer the need expressed by the market to have a long-standing, sustainable market infrastructure committed to developing secure power futures trading in the Nordic and Baltic regions, with a strong Nordic foundation. Client testing will open as soon as March 2025.
Euronext Nord Pool Power Futures will offer trading of cash-settled futures for all maturities on System Price and EPADs across the Nordics and Baltics. Underlying spot indices will be provided by Nord Pool.
Camille Beudin, Head of Diversified Services at Euronext, and Chairman of the Board of Directors at Nord Pool, said: “The launch of Euronext Nord Pool Power Futures presents a unique opportunity to combine the skills and expertise of Euronext across energy markets with a firm Nordic base, harnessing industry knowledge, trading and clearing of financial products, in order to deliver an attractive and competitive offering for customers.”
Tom Darell, CEO at Nord Pool, said: “Nord Pool and Euronext are absolutely committed to deliver a long-standing and liquid power derivatives market for the Nordic and Baltic regions. The Nordic and Baltic power market is showing a recovery since the energy crisis, but action is needed to cement and accelerate that recovery. Nord Pool and Euronext will work to bring back liquidity to Nordic power derivatives, with a proven set up which will attract OTC traded volumes into the market. We have consulted extensively with key businesses in the Nordic and Baltic power sector, businesses which represent more than 70% of market volumes. Their message has been clear: end uncertainty in the power derivatives territory by delivering a liquid power futures market, run by a business with commitment and a vision for the future.”
CONTACTS
MEDIA – [email protected] | |||
Europe | Aurélie Cohen | +33 1 70 48 24 45 | [email protected] |
Andrea Monzani | +39 02 72 42 62 13 | ||
Amsterdam | Marianne Aalders | +31 20 721 41 33 | [email protected] |
Brussels | Marianne Aalders | +32 26 20 15 01 | [email protected] |
Dublin | Andrea Monzani | +39 02 72 42 62 13 |
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Lisbon | Sandra Machado |
+351 91 777 68 97 |
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Milan, Rome | Ester Russom | +39 02 72 42 67 56 | [email protected] |
Oslo | Cathrine Lorvik Segerlund | +47 41 69 59 10 | [email protected] |
Paris, Corporate | Flavio Bornancin-Tomasella | +33 1 70 48 24 45 | [email protected] |
Corporate Services | Coralie Patri | +33 7 88 34 27 44 | [email protected] |
ANALYSTS & INVESTORS – [email protected] | |||
Investor Relations | Aurélie Cohen | +33 1 70 48 24 17 | [email protected] |
Clément Kubiak | +33 1 70 48 26 33 | [email protected] |