EU carbon price is back on track – why and what next
After a seven-year hiatus the EU emissions trading system is back to relevant price levels. The carbon price had been lagging below 10 euros per tonne since 2011. This was due to several factors: Lack of climate ambition globally. The EU would have jumped its 2020 emission reduction target from 20 % to 30 % […]
Consultation response to ENTSO-E’s proposal to further specify and harmonise imbalance settlement
Nordenergi welcomes ENTSO-E’s proposal and gives the following responses. Point 1-7 are formal questions. Please add here your feedback on Articles 1 and 2 ‘Subject Matter and Scope’ and ‘Definitions and interpretation’We lack the definition for imbalance area and how it interrelates with the definition for bidding zone? We consider that with respect imbalance settlement […]
Nordenergi welcomes the new era in Nordic energy cooperation!
The Nordic energy ministers adopted at the Nordic Energy Ministerial Meeting in Lund on 22 May, a declaration on strengthening Nordic leadership in the global energy transition.The Nordic energy ministers agreed to organize the first Nordic electricity market forum in autumn.Nordenergi welcomes fostered electricity market cooperation.“The changing energy market environment challenges governments and companies, but […]
Putting EU in line with the Paris Climate Agreement
Swedenergy has eagerly awaited the process to put the European Union in line with the Paris Agreement to limit the temperature increase to 1,5 degrees by 2050. We are therefore very happy that the European Council on March 22nd asked the European Commission to present a proposal to put the European Union in line with […]
Vestager’s important fight for free flow of electricity
In recent years less than 20% of the capacity on the electricity cable between Germany and Western Denmark has been available to Nordic electricity producers. This practice unfairly limits Nordic electricity producers’ access to the German market and it is in direct conflict with the spirit of the European internal market. It was therefore with […]
Political leadership needed to secure enhanced Nordic energy cooperation
The Nordic Council of Ministers were on Tuesday given 14 clear recommendations for stronger Nordic energy cooperation. The electricity industry in the Nordic countries supports the report's recommendations on increased co-operation and development on energy.
Former CEO of Nokia, Jorma Ollila, was in October 2015 asked to assess how the Nordic energy cooperation could strategically develop over the next five to 10 years. The Nordic electricity industry – represented by Nordenergi – have the following initial reactions to the report: “A clear Nordic vision for energy cooperation will empower […]