no 09/07 Strong performance of Nord Pool in 2006


(Lysaker, 8 March 2007) The Nord Pool group improved both operating income and profits in 2006.  

  

Nord Pool group
  Comprising parent company Nord Pool ASA and wholly-owned subsidiaries Nord Pool Clearing ASA and Nord Pool Consulting AS, the Nord Pool group had operating income of NOK 327.1 million in 2006 compared to 275.6 million in 2005. Ordinary profit for the year increased from NOK 42.9 million in 2005 to NOK 63.7 million in 2006.  

Equity for the Nord Pool group at 31 December 2006 was NOK 547.9 million. At the same date, Nord Pool Clearing ASA had an open balance (future contractual obligations) of NOK 67.1 billion. The open balance represents members' gross cleared positions. Members' security requirements for margin calls amounted to NOK 16.4 billion. Total security posted was NOK 36.2 billion. 

The total volume traded and cleared by Nord Pool ASA and Nord Pool Clearing ASA reached 2 160 TWh in 2006, compared with 2 102 TWh the year before, worth a total of NOK 645.5 billion in 2006 as against NOK 403.3 billion in 2005. 

Nord Pool Spot group                                                                        
  Nord Pool Spot group, which includes Nord Pool Spot AS and its wholly-owned subsidiary Nord Pool Finland Oy had a total operating income of NOK 96.1 million in 200 6, compared with NOK 86.4  million the year before. Profit for the year increased from NOK 23.7  million in 2005 to NOK 45.3 million in 2006 . 

The Nord Pool Spot group experienced an increase in spot market volumes during 2006. More than 61 per cent of total Nordic electricity consumption was traded through Nord Pool Spot's markets. Total volume traded at the Nord Pool Spot group in 2006 was 251 TWh, an increase of 42.7 per cent from 2005. The Elspot market accounted for 250 TWh and the Elbas market for one TWh. The total value of the 251 TWh traded through the Nord Pool Spot group in 2006 was NOK 98.8 billion.      

About Nord Pool  
  Nord Pool    is the world's first international commodity exchange for electricity, green certificates and European Union allowances (EUAs).   

The core business of the Nord Pool group is trading and clearing physical-delivery and financially-settled power contracts in the Nordic region (Finland, Sweden, Denmark and Norway).                            

The group has more than 400 members from 20 countries across a wide range of energy producers and consumers as well as finial institutions.   Nord Pool has over 80 members from 16 countries in the emission market.  

The Nord Pool group comprises Nord Pool ASA and Nord Pool Spot AS.   

Nord Pool ASA comprises the wholly owned subsidiaries, Nord Pool Clearing ASA and Nord Pool   Consulting AS. The national grid companies Svenska Kraftnät and Statnett holds 50 per cent each in   Nord Pool ASA.   

Nord Pool Spot AS and its subsidiary Nord Pool Finland Oy is owned by the national grid companies Fingrid, Energinet, Statnett, Svenska Kraftnät and Nord Pool ASA by 20 per cent each.  

The Nord Pool group has offices in Lysaker (Oslo), Fredericia, Stockholm, Helsinki, Berlin and Amsterdam.
  
 http://www.nordpool.com/static/nordpool/archive/information/press_releases/09-07finresult.pdf Press release no 09/2007   (PDF-format)   
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For further  information, please contact Nord Pool:  

  

Torger Lien, president & CEO Nord Pool ASA, phone: +47 6752 8070/+47 9188 8112  

Jørn Limann, CEO, Nord Pool Spot AS, phone: +47 9202 1385 

Lars Galtung, vice president communications, phone: +47 6752 8080/+47 9821 4812