Elmarknadsrådet

Svenska kraftnät‘s advisory council for electricity market participants. A non-decision-making forum where Svk presents ongoing market development work, consults on upcoming changes, and receives input from market participants.

Purpose and role

Elmarknadsrådet is one of Svk’s five advisory councils, mandated by Svk’s own arbetsordning §4. The GD (Generaldirektör) appoints members and decides on the council’s activities. (Source - Elmarknadsrådet Website and Arbetsordning (2025-2026))

The council is designed to operate in early stages of market design — “tidiga skeden” — rather than as a post-hoc review channel. It provides a structured channel for market dialogue between Svk and its regulated counterparties. Svk uses it to:

• Present the market development roadmap and flag upcoming changes
• Consult on new contracts, conditions, and balancing market rules before formal submission to Ei
• Share operational information (driftläge, grid reinforcement schedules, congestion data)
• Receive industry perspectives on design choices before they are finalized

The council has no formal decision power. Svk retains authority over all matters it presents. The forum complements (does not replace) public consultations and specialist reference groups — for deep technical work, Svk uses separate referensgrupper and expertgrupper. The council also helps identify personnel for those expert groups.

Standard information items at every meeting:

• Level of transmissionsnätstariff, balansansvarsavgift, and strategisk reserv fee
• Changes to BSP/BRP agreements and major changes to eSett settlement agreements

Membership

Composition requirements

The Arbetsordning (December 2025) specifies the seat allocation:

Nomination process: Energiföretagen nominates DSOs, BRPs, suppliers, and producers + own rep; Svenskt Näringsliv nominates large users + own rep; BSP seats via open nomination on svk.se; Svk makes final decisions. 2-year mandates, renewable. Half the members rotate even years, half odd years for continuity. Gender target: ≥40% from each gender.

Member history

The BSP seat changed between 2025 and 2026. In 2025 the single BSP seat was held by Lars Skoglund (Ntricity). Ntricity went bankrupt in early May 2025 — a startup unable to agree on next-phase financing; a new owner bought it via structured insolvency; Skoglund remained as VD. The 2026 member renewal created two BSP seats filled by open nomination, producing Flower and CheckWatt as the new holders. (Source - Elmarknadsrådet Meetings 1 and 2 2025 (Feb-May))

In 2024 the elanvändare seat was held by Filip Englund (Holmen) — replaced by Paola Zetterberg (Ovako) from 2025. (Source - Elmarknadsrådet Meetings 1 and 2 2024 (Feb-May))

In 2024 the DSO seat held by Daniel Köbi (Jämtkraft elnät) — succeeded by Thorsten Handler (also Jämtkraft elnät) in 2025 and then by Johanna Barr (Jämtkraft) in 2026.

In 2024 Anna Jäderström served as acting chair (tillförordnad ordförande) for meetings 1 and 2 while Malin Stridh was tf chef for Division System. Malin Stridh returned as chair at meeting 3 (September 2024), after Eva Vitell was appointed new Division System chief on 21 May 2024. (Source - Elmarknadsrådet Meetings 1 and 2 2024 (Feb-May), Source - Elmarknadsrådet Meetings 3 and 4 2024 (Sep-Nov))

In 2025 the producent seat for Bixia was held by Morgan Andersson (Meetings 1–2) and then transferred to Anders Larsson (from Meeting 3/2025 onward). (Source - Elmarknadsrådet Meetings 3 and 4 2025 (Sep-Nov))

Current members (2026)

The two BSP seats (Flower, CheckWatt) are selected via open nomination on svk.se — the open process was introduced to ensure broad reach among the growing aggregator sector. (Source - Elmarknadsrådet Website and Arbetsordning (2025-2026))

Deliberate exclusions

Previously included Energimyndigheten, Energimarknadsinspektionen (Ei), and Nord Pool. All three were removed:

• Ei is excluded due to its role as supervisory authority (tillsynsmyndighet) — a conflict of interest with an advisory council; can be invited to specific agenda items
• Energimyndigheten excluded for the same reason
• Power exchanges excluded because multiple elbörser are now active in Sweden and cannot represent each other; Svk engages them through separate joint forums

Meeting cadence and procedure

Four meetings per year; extraordinary meetings can be called. Physical meetings at Svk’s office in Sundbyberg; no member compensation or travel reimbursement.

Procedural timeline: 14-day advance notice with preliminary agenda; member items submitted by day 10 before; final agenda and materials sent 7 days before. Minutes distributed within 2 weeks; members have 7 days to comment; then approved and published on svk.se.

2026 schedule:

Topics covered (2024)

All four 2024 meetings tracked a dense pipeline: Flowbased go-live, the mFRR EAM launch (postponed from December), two procurement reports (kompensationsmodell, kapacitetsåtgärd), and the BSP/BRP contract split. Full detail: Source - Elmarknadsrådet Meetings 1 and 2 2024 (Feb-May), Source - Elmarknadsrådet Meetings 3 and 4 2024 (Sep-Nov).

Market structure:

• FCR marginal pricing from February 1, 2024 — all accepted bids paid at margin; Svk cost increase accepted as price for price-efficient procurement
• BSP/BRP contract split May 1, 2024 (structure-only; independent BSP deferred); Ei föreläggande answered October 1; independent BSP by 2028 confirmed November 2024
• Intraday auctions (IDA) go-live June 13, 2024 at 60-min MTU; initially low liquidity due to limited capacity allocation
• EPAD pilot (Svk EPAD auctions for SE2–SE4) active all year; 22,000 GWh supplied through 2023; SE-LT methodology submitted November

Grid infrastructure:

• Flowbased capacity calculation go-live October 29, 2024 — first day capacities delivered to market October 30; first weeks showed non-intuitive flows (SE2 CNEC as binding constraint), snitt 2 and snitt 4 flows ~30% higher vs pre-flowbased; EPAD premiums increased
• HVDC pole reversal mitigation: implicit losses on Kontiskan approved; ramp restrictions on SwePol, Kontiskan, Fennoskan; intraday countertrading via portfolio manager
• Wind curtailment event (week 32, August 2024): 1,200 MW sudden curtailment at negative spot prices → frequency outside normal operation; raised concern about BRP contract compliance for large production changes

Nordic balancing market:

• Trilateral mFRR Capacity Market (SE+FI+DK) launched November 19, 2024 — trading successful; southern Sweden supported via Finland and Denmark
• mFRR EAM postponed from December 2024 to March 4, 2025 (announced November 2024)
• Överbelastningsreserv procurement replacing störningsreserv; contracts from January 2025; production + consumption + systemdriftskompensation in scope
• Obalansanalys: 10-year increase in imbalances; SE2 shows largest growth; 800% increase in average hourly wind production; 90% of trading 12–36 h before delivery

Regulation and government assignments:

• Kompensationsmodell: report submitted to Government September 2, 2024; two recommended models (Flera leveranspunkter, Korrigerad faktura); FSP role proposed; spotprice as compensation; 4–6 years for central system
• Kapacitetsåtgärd: new Svk concept for bridging grid connection backlog with flexibility procurement; pilot intention in Västra Götaland; decision on go-ahead around year-end 2025
• Tarifföversyn: four-component tariff (Ei föreskrifter); apply by January 1, 2027; reactive power component requires Ei dispensation
• LMA2024: four scenarios; high-load scenarios show Sweden moving from net exporter to net importer; expansion of snitt 1 valuable across all scenarios
• Elmarknadsutredning: Bo Diczfalusy appointed chair; report due April 2025

Topics covered (2025)

All four 2025 meetings were dominated by the mFRR EAM and 15-min transition consequences, plus the strategisk reserv failure. Full detail: Source - Elmarknadsrådet Meetings 1 and 2 2025 (Feb-May), Source - Elmarknadsrådet Meetings 3 and 4 2025 (Sep-Nov).

Balancing market reforms:

• mFRR EAM go-live (March 4, 2025) — operational stress, 4× mFRR/spot spread increase, equipment wear, manual price corrections throughout the year
• 15-min intraday launch; 15-min DA go-live (September 30, 2025)
• mFRR price cap consultation (November 2025) — two alternatives (bid cap vs imbalance price cap at ±5,000 EUR/MWh); requires Ei dialogue
• aFRR new-entrant access — ombud discussion; Svk eventually decided to procure its own ombud
• BSP avtal new version (September 2025): FCR moves to Nordic MMS; mFRR abnormal frequency rules

Infrastructure:

• Flowbased post-go-live review (February 2025): intraday capacity to Norway (SE3-NO1) significantly reduced
• Flowbased intraday auctions: Q3 2027 go-live; countertrading concept for intraday under development
• MARI timeline: announced November 17, 2025 → Q1 2027; PICASSO: DK/FI already connected; Swedish national connection pending

Capacity adequacy:

• Strategisk reserv: first procurement failed October 2025 (713 MW bids, target 800 MW, none cost-effective under CONE methodology); second procurement underway; winter 2025/2026 balance adequate without reserve
• Capacity mechanism consequence analysis (February meeting): Sweden’s 1h LOLE norm is Europe’s lowest; sensitivity to reliability norm very high

Regulation and governance:

• Svk new instruction (June 2025): “samhällsbyggare” mandate; broader delivery security; new planning coordination; national vs EU interest balancing
• DHV government assignment (September 2025): Ei as lead, Svk co-author; scope, governance, and risk analysis
• Bidding zone review (May 2025): Svk recommends maintaining SE1-SE4; government assignment for deeper analysis received May 15, 2025
• Transmission tariff: four-component model; Ei rejected dispens for abonnemangsavgift (October 24, 2025) → subscription elements folded into fast avgift

Transparency:

• CNEC secrecy debate: Montel analysts claim to have identified binding elements; Svk classifies under OSL
• Art. 182 DSO visibility gap: DSOs currently cannot see which actors deliver ancillary services in their network; Svk confirms Art. 182 agreements will address this

Topics covered (2026)

Topics from the two 2026 meetings reflect Svk’s major workstreams:

Market design and regulation:

• Market development roadmap
• NC DR (Network Code on Demand Response) implementation timeline
• Elområdesanalys (bidding zone structure alternatives)
• Imbalance pricing reform (per bidding zone; VWA of mFRR prices)
• Självreglering (self-regulation by BRPs) — under evaluation
• MARI/PICASSO connection timelines and Ei enforcement dispute

Grid operation and infrastructure:

• Nätinvesteringar (grid investment programme; NordSyd, Sörmlandspaketet, Skåne packages)
• Driftläge (operational situation; grid outage programme; CNEC data)
• Kapacitetsåtgärd pilot (Västra Götaland) — concluded May 2026
• Anslutningsprocessen (connection process review; kapacitetszoner; intressentpooler)

Contracts and conditions:

• BSP/BRP contract version 3 (effective September 1, 2026)
• SO GL Article 182 TSO-DSO agreement — draft ready; BSP agreement to remiss September 2026

Civil preparedness:

• Projekt Nexus — national electricity supply strategy for war/crisis scenarios

Data and digitalization:

• Datahanteringsverktyg (DHV) — report due September 30, 2026
• FoI (research and innovation) in electricity market design — new Svk area

Related pages

• Svenska kraftnät — Svk operates and chairs the council
• Balancing Markets — primary venue for BSP/BRP condition consultations
• Demand Response — NC DR implementation timeline discussed
• TSO-DSO Coordination — The Central Design Problem — Art. 182 progress
• Regulatory Calendar — milestones announced via the council

Data gaps

• When BSP seats were formally introduced as a separate category (in 2025 there was one BSP seat; from 2026 there are two)
• Whether Ntricity continues as a BSP after the 2025 bankruptcy restructuring, or exited the market entirely