New Nordic back-up scheme sparks uncertainty

The cost of balancing the Nordic power market has risen considerably since the region launched a joint automated market for frequency reserves on 4 March. The new mechanism aims to better align supply with demand in a power market increasingly dominated by weather dependent wind and solar generation but also poses huge risks for companies that fall out of balance.

Reporting by Olav Vilnes, Editor Nordics, Contributors Priyanka Shinde, market expert Montel and Jakob Bendixen, partner at Our New Energy.