2025-11-28
Second power exchange started operation in the Baltic electricity market
Electricity market exchange EPEX SPOT has successfully started operation in the intraday market in Estonia, Latvia, and Lithuania. The launch was enabled by the Baltic electricity transmission system operators (TSOs) adopting a so-called Multi-NEMO arrangement. The arrangement allows more than one nominated electricity market operator (NEMO) to conduct trading in the market, which benefits market participants through greater choice and improved service offering.
EPEX SPOT is the second power exchange now operating in the Baltic Intraday market. Until now, Nord Pool EMCO was the only nominated operator in Baltic electricity market.
All Baltic bidding zones 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.
