The Baltic electricity transmission system operators (TSOs), together with regional partners, have reached a significant milestone in the evolution of the Baltic power market. The launch of the Multi-NEMO (Nominated Electricity Market Operator) arrangement marks a decisive step toward a more competitive, transparent, and service-oriented wholesale trading environment across Estonia, Latvia, and Lithuania.
Beginning 25 November, a new market operator — EPEX SPOT — will commence operations in the intraday market of all three Baltic states. Until now, Nord Pool EMCO has been the sole operator serving the region. The introduction of a second NEMO brings genuine competition to the wholesale exchange landscape, offering market participants greater choice, improved service quality, and enhanced market efficiency.
This launch concludes the implementation phase of the Baltic Multi-NEMO Market Coupling project for continuous intraday trading. The initiative follows extensive technical preparation, coordination among TSOs, and comprehensive cross-border testing — all successfully completed.
Throughout this transition, all Baltic bidding zones will continue to operate under the established market coupling principles governing capacity allocation and congestion management, ensuring stability and continuity in daily operations.
Looking ahead, Baltic TSOs and market operators will turn their attention to completing the Multi-NEMO framework for the Day-Ahead market and the Intraday auction setup, planned for rollout in 2026. This next phase will further deepen market integration and strengthen the Baltic region’s alignment with European electricity market structures.
The project brings together a broad coalition of regional and neighbouring system operators and exchanges, including AST, Elering, Fingrid, Litgrid, PSE, SvK, and power exchanges Nord Pool and EPEX SPOT.
The Multi-NEMO framework for continuously traded intraday markets is fully aligned with the EU Guideline on Capacity Calculation and Congestion Management, designed to enhance competition among power exchanges in line with the EU objective of achieving a fully integrated, efficient, and competitive European electricity market. Similar arrangements are already well-established across Central and Western Europe and the Nordics, marking the Baltic initiative as both timely and strategically essential.
The Voice of Renewables will continue to follow this development as the region moves toward a more dynamic, diversified, and competitive power marketplace.
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