Svenska kraftnät's summary of EPAD auctions for quarter 3, 2025
Svenska kraftnät has compiled summary analytics from the auctions of EPAD contracts conducted during the third quarter of 2025.
Svenska kraftnät concludes that the auctions continued to show good price formation and that the number of participants peaked at 29 at the auction on September 9. The third quarter was also characterized by wider spreads between the bidding zones SE2 and SE3, as well as SE2 and SE4. Turnover in continuous trading increased in SE2, while it remained stable in SE3 and continued to be low in SE4.
The primary purpose of the auctions is to facilitate improved hedging opportunities for market participants, so called market support aimed at increasing liquidity and reducing uncertainty in the financial electricity market. The auctions add volume, support price formation, price discovery and to some extent adjust underlying market asymmetries.
Svenska kraftnät hopes that the positive effects will eventually spread to market participants of all sizes and to end consumers. Our ambition is to support the market in a way that also makes it easier for end users to find competitive fixed price agreements.
Quarterly Summary - Svenska Kraftnät’s EPAD auctions to (.pdf) Opens in a new window
support hedging opportunities (.pdf) Opens in a new window
Pilot project: support for increased hedging opportunities in the Swedish electricity market