The Electricity Market Group

The Electricity Market Group and Nordic Energy Research are helping the Nordic countries to co-design their future electricity market, e.g., through the annual Nordic Electricity Market Forum.

As representatives of the national ministries, the Electricity Market Group coordinates development and regulatory work in the Nordic electricity market. The remit is to promote an optimal internal Nordic electricity market, which strives to be the world’s most competitive, innovative, and consumer-oriented electricity market, and thus contribute to achieving the ambitious Nordic climate goals. To this end, the Electricity Market Group commissions analyses and provides advice to the Energy Ministers of the Nordic countries.

Coordination and implementation

The group members deliberate on issues relating to the Nordic electricity market and coordinate national approaches, e.g., regarding national implementation of the EU regulation on energy – the “Clean Energy Package”, co-operation on measures to secure adequate electricity supply to all Nordic electricity consumers, and plans for digitalisation of the electricity grid in the Nordic region, to name just a few.

The Electricity Market Group is also responsible for organizing the annual Nordic Electricity Market Forum for relevant stakeholders in the Nordic electricity sector.

A shared vision

Based on the results from the first forum, held in 2018, Nordic Energy Research, together with the Electricity Market Group, prepared a 2030 Vision for the Nordic electricity market, which collectively represents a shared vision for electricity market stakeholders. In addition, a roadmap was established for working toward the vision. The Nordic Energy Ministers adopted the common vision for the electricity market at their meeting in 2019 and took note of the proposed action plan to achieve the vision. They requested the Electricity Market Group to follow up on the implementation of the action plan and the continued work toward the vision. The Roadmap is updated annually, based on discussions and input from the Nordic Electricity Market Forum.

Learn more: www.nordicenergy.org

The forum has four key purposes:

» Communication, collaboration, and creating synergies among different stakeholders, e.g., TSOs, regulators, producers, consumer organizations, etc.

» Interaction between policy makers and non-political stakeholders.

» Input on joint Nordic standpoints on electricity market issues, e.g., in relation to new EU regulations.

» Discussions on forward-looking themes, such as visions and long-term strategies specific to the Nordic electricity market, as well as preparation of relevant action plans.

The group was established in 2019 to:

» Promote information exchange and co-operation on CCUS policy development and decarbonisation.

» Discuss CCUS issues concerning policies and strategies and make proposals to the energy sector at Nordic Council of Ministers and the Committee of Senior Officials for Energy Policies (EK-E) e.g., on EU regulations.

» Monitor development in the decarbonisation area and within CCUS in the Nordics, in the Nordic-Baltic co-operation and within the framework of the EU Baltic Sea region, with focus on all technologies and system solutions.