About eSett

eSett Services

eSett provides settlement services to over 1,000 electricity market participants in Denmark, Finland, Norway, and Sweden. We exist to proactively create a competitive edge for the Nordics by providing efficient and reliable electricity market services and by pioneering settlement services. We aim to be recognized for delivering flawless, punctual, and confidential settlement services that are the foundation of a modern and reliable energy ecosystem.

Our settlement services include imbalance settlement and various reserve market product invoicing.  We also provide data services such as sharing and analyzing settlement related data.

eSett operates with the mandate of its owners, the four Nordic Transmission System Operators – Energinet (Denmark), Fingrid (Finland), Statnett (Norway) and Svenska kraftnät (Sweden).

eSett way of working

Our success is founded on a strong commitment to customer orientation and expertise of our personnel.

In order to create value for our stakeholders, we integrate energy, data, and finance to deliver smart, reliable, and transparent services. By seamlessly connecting these core elements, we enhance the competitiveness and reliability of the Nordic electricity market, ensuring efficient financial solutions and fostering sustainable growth.

We are a small and young team with a great spirit. We provide an inspiring and empowering work environment, offering development opportunities and encouraging people to become experts in their fields. We provide a ringside seat of the whole Nordic electricity market and its development, so eSett is a great place to grow and develop your skills as a professional.

Through our core values of accountability, equality, openness, and readiness, we shape a smarter and more resilient energy future for the Nordics.

What is electricity market settlement?

In the electricity market, the production and use of electricity should always be balanced. There are electricity market participants called Balance Responsible Parties that help to create the balance in the electricity market and grid. Each balance responsible party must plan their operations and strive to maintain this balance. But in practice, there will always be deviations from the plans; these deviations are called imbalances. eSett calculates imbalances for each Balance Responsible Party (BRP) and makes sure each party is paid and invoiced correctly.

There are also market participant called Balancing Service Providers (BSP) that offer reserve products to maintain the balance and support electricity grid. eSett invoices the compensation of some of these services provided by the Balancing Service Providers in the Nordic market.

A list of active BRPs and BSPs in the Nordic electricity market is available on our Public Data portal.

eSett’s settlement principles are based on a harmonized model throughout the Nordics, so the operating conditions are the same for all Balance Responsible Parties. This increases competition and brings efficiency on the Nordic markets. We are indirectly helping to make electricity market operations more efficient to the benefit of the electricity consumers in our settlement countries.

You can learn more about eSett and imbalance settlement from this animation and from the Nordic Imbalance Settlement Handbook.