All Nordic countries have data hubs in place by 2023

In three years’ time it is estimated that all Nordic countries have data hubs that will facilitate wholesale and retail market processes. The successful implementation of data hubs and the ability to centralize the handling of market processes is a key factor for the Nordic retail market to work effectively.

The governments and regulators in all the Nordic countries have given the transmission system operators (TSOs) the responsibility to develop and operate the data hubs in each respective market. Today, data hubs are up and running in Denmark and Norway and under development in Finland and Sweden, with a scheduled start around February 2022 in Finland and, depending on the legislation, 2022/2023 in Sweden.

In this year´s report, NordREG concludes that none of the Nordic data hubs are integrated with the national comparison tool (CT), but end-users can access their hourly consumption data in Denmark and Norway. This will also be possible in Finland and Sweden.

NordREG believes that enabling customers to access actual consumption data when searching for a new electricity contracts can reduce the barrier to switch supplier. However, none of the Nordic TSO’s have found the need for this integration and has therefore not developed an interface for sharing data between data hub and CT.

In the report, the TSO’s from Denmark and Norway share valuable insights from implementing their data hubs, which could be useful in the work to implement the Finnish and Swedish data hubs. One of the main findings in Denmark and Norway is that it’s important to maintain close cooperation with the necessary regulatory authorities as well as with the market actors.