NASDAQ OMX Commodities Europe
is a trade name of NASDAQ OMX Oslo ASA, the single financial energy market for Norway
. Before 1 November 2010, it was known by the name Nord Pool
. , Nord Pool was the largest power derivatives exchange and the second largest exchange in European Union
emission allowances (EUAs) and global certified emission reductions (CERs) trading.
In 1991 the Parliament of Norway
decides to deregulate the market for power trading. In 1993 Statnett Marked AS
(now Nord Pool ASA) was established as an independent company. Nord Pool market was created in 1996 as a result of the establishment of common electricity market of Norway
. It was owned by the two national grid companies, Statnett
in Norway (50%) and Svenska Kraftnät
in Sweden (50%). Finland
joined Nord Pool market area in 1998, Western Denmark in 1999 and Eastern Denmark in 2000.
In 2000, Nord Pool participated in establishing the Leipzig
Power Exchange (now part of the European Energy Exchange
). Nord Pool also supplied its technology to France
exchange. In 2002, spot market
activities were transferred into a newly established company, Nord Pool Spot AS
. In 2005, Nord Pool started trading and clearing of EU emission allowances, becoming the first exchange to expand its activities in to this area.
On 21 December 2007, Nord Pool agreed to sell its two subsidiaries—Nord Pool Clearing, which deals with... Read More