International Power Trade : The Nordic Power Pool
Scandinavia, where countries have traded power for decades, has the world's most developed international market for electricity. Recently the trading system has changed dramatically, moving from the old model of cooperation among the leading v...
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| Format: | Viewpoint |
| Language: | English |
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World Bank, Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/1999/01/441513/international-power-trade-nordic-power-pool http://hdl.handle.net/10986/11498 |
| Summary: | Scandinavia, where countries have traded
power for decades, has the world's most developed
international market for electricity. Recently the trading
system has changed dramatically, moving from the old model
of cooperation among the leading vertically integrated
utilities in each country, under the Nordel agreement, to
competitive market rules. Norway and Sweden established a
common power market, Nord Pool, in 1996, and Finland joined
in June 1998. This Note examines why Nord Pool came into
being, what conditions facilitated its development, and what
lessons it provides for World Bank client countries. |
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