Nordic electricity market expanding to Estonia today
The Nordic electricity exchange Nord Pool Spot opened a new Estlink price area on 1 April. Its pivotal objective is to integrate the electricity markets in Finland and Estonia and to create a reliable market price for electricity initially within Estonia. In the next stage, the goal is to integrate the electricity markets in Latvia and Lithuania to Nord Pool Spot’s trading system.Fingrid and its Estonian counterpart Elering rented approx. 250 megawatts of transmission capacity from the owners of the Estlink connection for use by Nord Pool Spot and hence by all market players. The total capacity of the link is 350 MW.