Elma Power Exchange was founded in 2022 and is owned by Landsnet, the TSO in Iceland. Elma will launch a day-a-head market in Iceland early in 2025, together with Nord Pool. This strategic partnership and the forthcoming day-ahead market underscore Elma’s commitment to enhancing the operational efficiency and transparency of Iceland’s energy market.
Elma has launched a web-based auction platform, in co-operation with Cropex energy exchange for long-term agreements, (PPA’s).