Elma Power Exchange Ltd. was founded to provide participants with a centralized location for secure, dependable, and transparent exchange of electricity.
Elma has launched an auction platform for long-term agreements, (PPA’s), where buyers and sellers can engage in trading on a closed web-based platform.
Together with Nord Pool, Elma is implementing a day-a-head market with a January 2025 launch schedule. By creating a platform where energy transactions can be organized a day in advance, this new initiative will facilitate more informed and efficient electricity trading. Elma, as the Central Counter Party, will continue mediating transactions between sellers and buyers, managing risks associated with buying and selling electricity for all trades conducted on the trading platform. 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 is owned by Landsnet, the TSO in Iceland.