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Nordic Energy Office established in Brussels

Regional cooperation has long prevailed in the Nordic electricity market, while also being hailed as a cornerstone of future energy policy with the Energy Union (winter) package only two days away. Today the Nordic electricity associations, Nordenergi build on this tradition and future perspective by establishing a common Nordic Energy Office, representing the power industry of all the Nordic countries.

“Nordenergi is the joint collaboration between the Danish Energy Association, Energy Norway, Finnish Energy, Swedenergy and the Federation of Energy and utility companies in Iceland representing electricity producers, distributors and sales companies in the Nordic countries. The Nordic Energy Office also host the electricity companies Agder Energi, DONG Energy and Fortum.

We see further potential for regional cooperation in the Nordic electricity market, building on 20 years of experience. Europe is in the midst of a severe energy system change, and we believe a deeper integration of markets is necessary. We therefore welcome policy initiatives at European level that improves markets, strengthen cooperation and removes distortions, says Oluf Ulseth, Chair of Nordenergi and CEO of Energy Norway.

The European Commission Vice-President Jyrki Katainen, responsible for Jobs, Growth, Investment and Competitiveness said at the opening ceremony today:

Nordic countries are an example for regional cooperation, showing how to achieve market integration and deployment of renewable energy. If we want renewables to thrive, we need a more integrated energy market to deepen our cooperation across borders on all levels. This is what we intend to promote in the upcoming winter energy package.

The Paris Agreement has given force to strengthening our climate efforts, and the Nordic electricity industry believes that a strong EU ETS is vital for Europe to reduce its emissions and help shift to low carbon technologies.

The EU Emissions Trading Scheme (EU ETS) is an extremely important tool to reduce emissions in a cost-effective way, as it is harmonized across countries and works well together with the internal energy market. However, confidence in the ETS is still low and its ability to be the cornerstone in the EU climate policy is questioned. A window of opportunity for strengthening the ETS is now as the revision of the Directive is ongoing, says Oluf Ulseth, Chair of Nordenergi.

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