On the Spot Market, participants in the Nordic power market conduct trade for power deliveries during the next 24-hour period.
Prices are determined for each hour of the day through competitive bidding.
Nord Pool's Futures Market is a financial market for price hedging and trading of electric power contracts. The Futures Market currently offers futures and forward contracts with a trading horizon of up to three years. Daily market settlement is conducted for futures contracts during both the trading and delivery period. Forward contracts, on the other hand, accumulate the results of price fluctuations throughout the trading period, with daily settlement during the delivery period. All participants must meet security posting requirements, which are adjusted daily for all trading activities.