In 1991 the Parliament of Norway decided to deregulate the market for power trading. In 1993 Statnett Marked AS was established as an independent company. Nord Pool market was created in 1996 as a result of the establishment of common electricity market of Norway and Sweden. The name was changed to Nord Pool ASA. It was owned by the two national grid companies, Statnett in Norway (50%) and Svenska Kraftnät in Sweden (50%). Finland joined Nord Pool market area in 1998, Western Denmark in 1999 and Eastern Denmark in 2000.