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Nasdaq to launch day-ahead power trading in Nordics, 2 other locations

Nasdaq Inc.'s commodities exchange is considering launching its day-ahead trading for electricity in Germany, France and the Nordics around April 2020, its head of European Commodities, Georg Aasen, told Reuters on the sidelines of a conference in Norway.

Aasen said formal requirements such as licenses were already in place for the launch in most countries and the work on technical systems was underway, according to the report.

Currently, Nasdaq has no plans to offer intraday trading, but it will see in the future, Aasen said.

The decision to enter the short-term electricity market was prompted by a new EU regulation that calculates cross-border capacity allocation and promotes competition, Reuters noted. It also comes as EPEX SPOT is set to join Nord Pool in offering day-ahead electricity trading in the Nordics.