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Latvian system operator, Augstsprieguma tikls (AST), becomes Nord Pool Spot shareholder

The Latvian independent system operator AS “Augstsprieguma tikls” (AST) acquired a 2% share of Nord Pool Spot on 30 August 2013.

Estonian TSO Elering and Lithuanian TSO Litgrid became shareholders in August 2012. With this transaction completed, all the three Baltic TSOs have become shareholders of Nord Pool Spot, each holding 2% of the shares. Shareholders Statnett and Svenska Kraftnät each hold 28.2% of Nord Pool Spot, whereas and Fingrid each hold 18.8%.
The extension of ownership to the Baltic TSOs has been an important and natural step in the integration of the Baltic and Nordic power markets, which was completed as the Latvian bidding area was opened on 3 June 2013.
The Baltic TSOs consider co-ownership of Nord Pool Spot as a strategic investment. It will enable their participation in the decision-making process, ensuring that the market interests of the respective Baltic countries are taken care of. It also allows the Baltic TSOs to contribute to Nord Pool Spot’s corporate activities in developing the regional and European power markets.
About Nord Pool Spot
Nord Pool Spot operates Europe’s leading power markets, offering both day-ahead and intraday trading to its members. 370 companies from 20 countries trade on Nord Pool Spot’s markets in the Nordic and Baltic regions, and on our UK market N2EX. In 2012 the group had a total turnover of 432 TWh traded power. Our markets are operated from offices in Oslo, Stockholm, Helsinki, Copenhagen, Tallinn and London. Nord Pool Spot strives continually to strengthen its business by working with integrity, together with members and stakeholders, to achieve excellence.
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