The launch of the Nordic Balance Settlement will be postponed. The new scheduled date for implementation is 1.2.2016 in Finland and 18.4.2016 in Norway and Sweden. A stepwise implementation will allow a smooth and secure transition from the current three systems into one. The implementation of the new model had initially been planned for November 2015 in Finland, followed by Sweden and Norway in February 2016.

–We have assessed the status and readiness of the NBS project and its stakeholdersand come to the conclusion that a delay of the launch is necessary. By rescheduling we want to ensure the quality of the imbalance settlement system as well as the market readiness prior to go-live in each country.The market as well as the NBS project will benefit from additional time to make the necessary preparations, says Minnakaisa Ahonen, Project leader of the NBS project.

All three TSOs will organize an info day in mid April to communicate the detailed commissioning plan to stakeholders.

For more information, please contact:

Pasi Aho, Fingrid +358 30 395 5262
Kristian Bernseter, Statnett +47 91 71 16 27
Tania Pinzón, Svenska kraftnät +46 10 475 82 88
Minnakaisa Ahonen, project leader NBS and CEO eSett +358 30 395 5257

About the Nordic Balance Settlement project

The Finnish, Norwegian and Swedish Transmission System Operators (TSOs) Fingrid Oyj, Statnett and Svenska kraftnät have decided to implement a common imbalance settlement service for the Nordic electricity market. For this purpose, the TSOs have developed a new harmonized imbalance settlement model and founded the jointly owned service company eSett Oy to run the common imbalance settlement.