Baltics Completed Multiple Power Exchange Model
Transmission operators in Estonia, Latvia, and Lithuania have launched a new competitive power market structure.
Updated on Oct. 1, 2026 in Utilities
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Transmission system operators from the Baltic states have finalized the implementation of a multiple power exchange model. This initiative allows EPEX SPOT to join Nord Pool in the regional wholesale electricity market.
Why it matters
The new model is designed to increase competition between power exchanges, ultimately providing market participants with a broader range of trading options. It aligns the Baltic market with European Union regulations regarding capacity allocation and congestion management.
Transmission operators in Latvia, Lithuania, and Estonia finalized the new market model following European Union Capacity Allocation and Congestion Management Regulation. AST currently maintains a 68.46% shareholding in Conexus Baltic Grid.
The players
EPEX SPOT
This is a major European power exchange that facilitates wholesale electricity trading across multiple national markets.
Nord Pool
This organization operates as a leading European power market provider managing cross-border electricity trade.
AST
Augstsprieguma tīkls is the Latvian transmission system operator responsible for the countrys high-voltage energy infrastructure.
The details
The implementation process involved collaboration between operators from Latvia, Estonia, Lithuania, Finland, Poland, Slovakia, and Sweden. This multi-year transition enabled EPEX SPOT to expand its operations from intraday markets and auctions into the Baltic Day-Ahead Market.
Timeline
November 2025: EPEX SPOT began operations in the continuous intraday market.
8 September 2026: EPEX SPOT started participating in Baltic Intraday Auctions.
30 September 2026: EPEX SPOT officially joined the Baltic Day-Ahead Market.
Market Landscape
This transition marks a significant step toward aligning the Baltic energy sector with the broader European Union Capacity Allocation and Congestion Management Regulation. By fostering competition between exchanges, the region is moving away from sole-provider reliance toward a diversified energy market.
Market participants in the Baltic region will now benefit from increased competition and choice regarding their power trading platforms. These structural changes support a more flexible and efficient wholesale electricity market for energy providers and industrial consumers.
The takeaway
The integration of multiple power exchanges indicates a shift toward a more mature and interconnected European energy landscape. Increased competition between platforms generally leads to improved market transparency and pricing efficiency for participants.
Further reading
For more information on regional energy sector developments, visit the Utilities section.
Source note: This article includes information reported by Baltictimes.
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