The Nord Pool electricity market rules need a thorough overhaul because the current day-ahead trading system is not fit for purpose, said Märt Ots, advisor to IT and foreign trade minister Kristjan Järvan (Isamaa) and former head of the Competition Authority (Konkurentsiamet).
The Nord Pool power exchange should be made far more transparent, and the exact reasons why the price of electricity spikes so dramatically on any given day should be explained, said Sandor Liive, former board chair at Estonian state-owned energy group Eesti Energia.