Nordic PMs call for electricity market without borders
Nov 09, 2010
- Energy Central
Nordic prime ministers have added their weight to the call for further progress
toward a Nordic electricity market free from national borders, according to
a statement reaching here from Reykjavik on Tuesday.
The five Nordic prime ministers met at the annual Session of the Nordic Council
in Iceland with the theme of Green Growth.
"They see a combination of transparency, efficiency and synergy as the
key to success. The five PMs also think that the Region should continue to
show the way forward as Europe's leading electricity market," said the
statement posted on the website of the Nordic Council.
The prime ministers support the Nordic energy ministers' call that "the
region should be a driving force in the transformation to a greener Europe," the
The process will include planning and developing the supply network, integrating
renewable energy sources, establishing further links to Europe and moving even
closer to a joint Nordic end-user market.
Customers are to have greater influence and enjoy greater scope for making
their own decisions about their energy consumption, according to the statement.
A joint electricity market, integrating a range of production systems -- thermal
power, nuclear power and hydroelectricity -- with renewable energy would generate
major Nordic synergies, the statement said.
The development of "smart grids" in the region would help promote
efficiency and guarantee electricity supplies with a high proportion of renewable
energy sources, it said.
The prime ministers from Iceland, Denmark, Finland, Norway and Sweden saw
a well-organized electricity market as a prerequisite for developing business
in the Region, and as an important component of Nordic globalization work to
generate green growth for the Nordic region, the statement said.
The Nordic Council meetings will end on Thursday.