- When the operative responsibility was handed over to eSett on May 1st 2017 it was a major step for our common Nordic electricity market. eSett Oy together with the TSOs is now a forerunner providing the first cross-border imbalance settlement operations in Europe. Now we settle together, an achievement that would not have been possible without an excellent cooperation with the market participants, says Minnakaisa Ahonen, CEO of eSett proudly,
eSett will offer a one-stop-shop meaning that all the market participants will receive the same reliable and efficient settlement services irrespective of their geographical location in the market. eSett Oy is operating the imbalance settlement on behalf of the three TSOs and is responsible for the daily settlement operations involving over 1 000 different market participants – Balance Responsible Parties, Distribution System Operators and Retailers - in Finland, Norway and Sweden.
- We are hoping that the inclusion of Energinet.dk and Denmark in the joint operations will be the next step, says Ahonen.
- A well functioning market across the Nordic area is a prerequisite for facing the challenges of providing secure and clean power for the Nordic countries in the future. This step is an important one, and a major ingredient of the future of Nordic cooperation, says Auke Lont, CEO of Statnett SF.