Extend the Nordic electricity market model (NORDEL.. (NORDEL)
Extend the Nordic electricity market model (NORDEL) to the three Baltic States
Start date: Dec 31, 2008,
End date: Jun 29, 2013
Under the BEMIP, the Nordic electricity market model (NORDEL) will be extended to the three Baltic States. The aim is to remove barriers to competition in the countries and bring them into conformity with EU rules. Actions include:• removing cross-border restrictions to the trade of energy• reducing electricity congestion across borders and establishing common energy reserves• removing regulated energy tariffs• fully opening the retail market and establishing a common power exchange in the Nordic and Baltic areas. Achievements: Flagship project Extend the Nordic electricity market model (NORDEL) to the Baltic states has been successfully achieved, with successful opening of Latvian bidding area of NordPool Spot on 3 June, 2013.
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