Skip to content

Energy

Markets we cover

One Nord Pool day-ahead auction, different bidding zones, and a page written for each country.

Latvia

Latvia is a single Nord Pool bidding zone, LV. The day-ahead auction sets a price for every quarter-hour of the delivery day, and that is the energy price an exchange-tied contract follows.

LV

Open the market note

Lithuania

Lithuania is one bidding zone, LT. The price can track Latvia and the Nordic system, or break away when the interconnectors are full.

LT

Open the market note

Estonia

Estonia is one bidding zone, EE. It often prices close to Finland when the Estlink interconnectors are free, and it can jump when they are not.

EE

Open the market note

Finland

Finland is a single bidding zone, FI. Households here already know pörssisähkö: the exchange price, hour by hour, plus the charges that do not move with it.

FI

Open the market note

Sweden

Sweden has four bidding zones. A national average hides the thing that matters: SE1 and SE2 are often cheap, while SE3 and especially SE4 can separate when north–south transmission is tight.

SE1 · SE2 · SE3 · SE4

Open the market note

Norway

Norway has five bidding zones. Hydropower dominates, but the south can still spike when reservoirs are low and the cables to the continent and Great Britain are busy.

NO1 · NO2 · NO3 · NO4 · NO5

Open the market note

Denmark

Denmark has two bidding zones. DK1 in the west is wind-heavy and coupled toward Germany. DK2 in the east, including Copenhagen, is coupled more toward Sweden.

DK1 · DK2

Open the market note
Baltic and Nordic electricity markets · NordShifts