Power Derivatives - Euronext Nord Pool Power Futures

Euronext and Nord Pool, the European power exchange, announced the launch of a dedicated Nordic and Baltic power futures market. 

This initiative is designed to answer the need expressed by the market to have a long-standing, sustainable market infrastructure committed to developing secure power futures trading in the Nordic and Baltic regions, with a strong Nordic foundation.  

Euronext Nord Pool Power Futures will offer trading of cash-settled futures for all industry standard maturities on the Nordic System Price and Electricity Price Area Differential (EPAD) contracts across the Nordics and Baltics. The underlying Nordic System Price and the SDAC Nordic Bidding Zone/Area Prices (spot indices) will be provided by Nord Pool. 

The new Euronext Nord Pool Power Futures market will be traded on Euronext’s Optiq® trading platform and cleared by Euronext Clearing. 

Nasdaq-Euronext clearing agreement: power derivatives transfer in 2026

Euronext has signed a binding agreement to acquire Nasdaq’s Nordic power futures business. As part of the agreement, open positions in Nasdaq’s Nordic power derivatives, currently held by Nasdaq Clearing, will - with the approval of the members - be transferred to Euronext Clearing in the first half of 2026. 

The Nasdaq Nordic Power Futures business will be become part of the new Euronext Nord Pool Power Futures market.

More about the acquisition and transfer of open interest:
Euronext to acquire Nasdaq’s Nordic power futures business to expand power derivatives trading
Euronext–Nasdaq Clearing Agreement: Power Derivatives Transfer Set for March 2026