How does the electricity exchange work?

The electricity exchange is a meeting place for all electricity traders, who sell their generated electricity, while electricity buyers purchase the electricity that will be then sold to the end-user – their customer. The Nord Pool Spot exchange is an electricity exchange for Nordic countries, covering Norway, Sweden, Denmark, Finland, Estonia, Lithuania and also Latvia. The price on the Nord Pool Spot exchange has a direct impact on the electricity price in the Baltic region, which is why the Nord Pool Spot prices currently serve as the best, most truthful and objective source of price information. We need electricity every day at all times, and the Daugava HPPs and Riga CHPPs can fully provide the necessary amount of electricity only for a few months in a year. In the rest of the time, electricity is imported, and the foreign suppliers directly base their prices on the Nord Pool Spot exchange price, which ensures a transparent pricing mechanism.

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