The agreement confirms the joint ambition of all parties that Energinet joins the existing cooperation, thereby creating a Nordic imbalance settlement. This will facilitate market harmonization and a common Nordic retail market for electricity.

The four TSO's have signed a letter of Intent aiming at taking the final decision on the proposed implementation within this year. The examination will cover the details of a common settlement process as well as how Energinet can enter the co-ownership of eSett.