Euronext and Nord Pool Launch New Power Futures Market

​Euronext and Nord Pool have announced the launch of a new Nordic and Baltic power derivatives market today. The Euronext Nord Pool Power Futures market will be accessible on Euronext's Optiq® trading platform and will be cleared by Euronext Clearing.

This development follows extensive consultations with market participants, aiming to create a sustainable and secure power futures market for the Nordic and Baltic regions. The new market will offer cash-settled futures on System Price and EPADs, with underlying indices provided by Nord Pool. Client testing for the market is set to begin in March 2025.

Camille Beudin, Head of Diversified Services at Euronext, said: "The launch of Euronext Nord Pool Power Futures presents a unique opportunity to combine the skills and expertise of Euronext across energy markets with a firm Nordic base, harnessing industry knowledge, trading and clearing of financial products, in order to deliver an attractive and competitive offering for customers."

Tom Darell, CEO of Nord Pool, highlighted the market's potential to revitalize the region's power derivatives sector: "We are committed to establishing a liquid power futures market for the Nordic and Baltic regions, addressing market uncertainties and attracting OTC traded volumes."