Nordic CEOs call on EU to make markets work in the Clean Energy Package

In the declaration, the three Nordic utilities also propose concrete adjustments to the legislative proposal, aimed at enforcing the path towards a decarbonised Europe driven by market based instruments, a level-playing field and coherent governance.

Fortum, Vattenfall and Statkraft believe that well-functioning power and carbon markets, together with increased electrification, are key enablers for driving the decarbonisation of the European economy in a cost-efficient manner.

The three Nordic utilities have previously provided their shared views on, and recommendations for, a structurally reformed European carbon market (EU ETS) for the next trading period. This joint follow-up initiative illustrates their shared perspectives on the core elements of market design.  The Nordic integrated power market provides a good example of the benefits to society of well-functioning power markets.