2025-11-19
Baltic TSOs will support multiple market operators, a second electricity exchange will start next week
Baltic electricity transmission system operators (TSOs) together with partners are prepared to launch an arrangement, allowing more than one nominated electricity market operator (NEMO) to conduct trading in the market. The so-called Multi-NEMO arrangement will enable competition within the wholesale power exchange and benefit market participants through greater choice and improved service offering.
With the launch of the arrangement, a new operator – EPEX SPOT – will start operation in the intraday market in Estonia, Latvia, and Lithuania on 25th of November. Until now, Nord Pool EMCO was the only nominated operator in Baltic electricity market.
This marks the final stage of the implementation phase of the Baltic Multi-NEMO Market Coupling project in the intraday continuous trading market, after successful completion of extensive testing.
All Baltic bidding zones will continue to maintain the general market coupling principles of capacity allocation and congestion management.
In the future, Baltic TSOs and market operators will finalise the Multi-NEMO arrangement for the Day-Ahead market and Intraday auction setup, which is to follow in 2026.
The project parties include Baltic and neighbouring TSOs AST, Elering, Fingrid, Litgrid, PSE, SvK and power exchanges Nord Pool and EPEX SPOT.
The Multi-NEMO framework for Intraday continuous trading is implemented in compliance with the EU Guideline on Capacity Calculation and Congestion Management, which aims to foster competition among power exchanges in Europe’s core markets, in line with the target of completing a fully integrated and competitive European Electricity Market.
These arrangements are already implemented in multiple countries in Central and Western Europe and Nordics.
