On Monday, May 11th, Professor of Norwegian School of Economics (NHH) Dr. Mette Helene Bjørndal gave a public lecture at ISET conference hall. Prof. Bjørndal held the presentation titled “Insights into the Nordic Energy Market”. The main aspects of the presentation were to review the structure, main characteristics of the Nordic power market, and peculiarities of its integration into other European electricity markets.

Prof. Bjørndal started her presentation by introducing some basic characteristics of power sectors of Scandinavian countries. She covered some issues of the market design, its components, and architecture. Prof. Bjørndal compared integrated and unbundled systems by providing examples and commented on how unbundling was done in Scandinavia.

Furthermore, she reflected on how future and spot markets, day-ahead, hour-ahead, and real-time markets work in the Nord Pool. Afterward, she underlined some challenges related to the electricity trading between the countries and the congestion costs on power markets. Lastly, Prof. Bjørndal discussed some issues associated with the zonal pricing of electricity with the audience.

The lecture was accompanied by a series of questions and active discussion. ISET students, alumni of energy economics concentration, and other stakeholders of the energy sector attended the lecture and took a part in the discussion.

Prof. Mette Bjørndal visited ISET together with the delegation of the Norwegian School of Economics (NHH) to discuss opportunities for more active cooperation between ISET and NHH. The ISET community is pleased to host Norwegian colleagues and looks forward to furthering cooperation between two institutions.