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Baltic National Regulatory Authorities and Nord Pool cooperate in analysing the price hikes on the power exchange

Estonian, Latvian and Lithuanian Regulatory Authorities agreed to cooperate with Nord.

Baltic National Regulatory Authorities, Nord Pool and Baltic Transmission System Operators met on Monday (August 29th) regarding electricity price hike on the 17th of August and discussed the causes of such deviations.

Estonian, Latvian and Lithuanian Regulatory Authorities agreed to cooperate with Nord Pool in analysing the reasons causing recent price hikes at the power exchange.

All the data needed for National Regulators to study the behaviour of market participants and findings from Nord Pool Market Surveillance will be presented to Baltic Regulators.

Nord Pool with other NEMOs and with the technical service provider N-Side will study if adjustments of the price calculation algorithm parameters are needed and will present their findings.

On August 17th the electricity price in the Baltic States rose to €4,000/MWh for one hour. Baltic National Regulatory Authorities launched analysis to identify the causes of the price increases.

Veel uudiseid samal teemal

The analysis identified no violation of market rules.
13.10.2022

Competition Authority: Nord Pool must offer greater flexibility in products on the Baltic market

According to the joint analysis of Estonian, Latvian, and Lithuanian energy regulators, the steep increase in the electricity price on the Nord Pool exchange on 17 August 2022 was a result of a combination of different factors along with the peculiarities arising from the small size of the Baltic market. The analysis identified no violation of market rules.

On 17 August, the average price of electricity in the Estonian price area increased to 682.05 euros/MWh, with the price being 4000 euros/MWh from 18:00 to 19:00.
19.09.2022

The Competition Authority extends the deadline for the analysis of the causes of high electricity exchange prices

The deadline for the analysis of the causes of high electricity exchange prices is postponed due to the volume of the material to be analysed.