Trade in electricity
Nord Pool is a power exchange consisting of two market places for electrical energy: Elspot and Elbas. Trade on Elspot takes place in Denmark, Norway, Sweden, Finland and Germany. Trading on Elspot produces a market price in DKK/kWh day by day that is fully transparent to the whole market. The Elspot price is fixed on the day before generation at 14.00.
It is possible to trade on Elbas in Sweden, Finland and Denmark. Elbas is an intraday market for electricity which can be traded down to one hour before the hour of generation.
About 50% of all electricity in the Nordic countries is traded on Nord Pool. In Denmark 60-90% is traded on Nord Pool.
Energinet.dk's online system allows market players to submit their daily electricity generation, consumption and trading schedules.
Trade in gas
The wholesalers – shippers - on the natural gas market have several facilities enabling them to trade. This way the shippers can both buy and sell the capacity, the balancing margin and the natural gas, which they have bought from Energinet.dk.
The last couple of years an increasing part of the total gas consumption in Denmark has been traded via Energinet.dk’s gas transfer facility (GTF). Here the shippers can trade bilaterally.
On 4 March 2008 the first gas exchange in Denmark opened: Nord Pool Gas (NPG). With the opening of NPG an actual market place for trade in natural gas was created. The gas exchange is planned to increase competition and ensure reliable and unambiguous pricing in Denmark. All trading is anonymous as the exchange is the counterparty in all transactions. Deals of natural gas transfer between two shippers on the gas exchange re made through Nord Pool Transfer Facility (NPTF), which is a virtual trading point in the Danish transmission system together with the GTF point.