The European Energy Exchange (EEX) is rolling out a sweeping new liquidity programme aimed at reinvigorating trading activity in the Nordic power market, with a series of incentives and structural changes set to launch on 1 September 2025.
The initiative, announced on Wednesday, comes as part of EEX’s renewed commitment to the Nordic region and follows a prolonged period of subdued liquidity. The programme features fee waivers, order book incentives, enhanced market-making schemes, and additional rewards to drive open interest.
In a key move, all trading fees for EEX Nordic Power Futures products will be waived for 12 months. Furthermore, transaction initiators in the order book will be eligible for incentives to at least cover their clearing costs throughout the year-long period.
To complement this, EEX is also launching new market-making schemes aimed at bolstering participation across the full suite of Nordic power contracts. An additional four-month “kick-starter” phase will offer enhanced incentives to encourage the creation of open interest via trade registration, further supporting the depth of the market.
“It’s been far too long that liquidity in the Nordic power market has lagged behind its potential,” said Peter Reitz, CEO of EEX. “With clarity on the market’s structure now in place, we’re determined to restore long-term trust and rebuild the substantial trading volumes this market once saw.”
EEX’s Nordic product suite includes System Price contracts and Zonal Futures, providing localised price references across delivery areas. These products are structured to offer economic equivalence to EPADs, with benefits from location spread effects and capital-efficient cross-margining via EEX’s clearing platform.
In a bid to get closer to market participants, EEX has also opened new offices in Oslo and Stockholm, reinforcing its physical presence in the region and its commitment to the local trading community.
