(Lysaker, 11 May 2007) ) Norwatt Energy AS and Nordic Power Trading A/S have joined the Nordic power market as new exchange members on Nord Pool ASA. They will trade financial electricity derivatives.
Norwatt Energy AS is a newly established Norwegian investment company located in Gjøvik. The business idea is to invest in financial products in the Nordic power market.
Nordic Power Trading A/S is a Danish financial investment company located in Kolding.
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 financial institutions. Nord Pool has over 80 members from 17 countries in the emission market.
The Nord Pool group comprises Nord Pool ASA and Nord Pool Spot AS.
Nord Pool ASA embraces the wholly-owned Nord Pool Clearing ASA and Nord Pool Consulting AS subsidiaries. It is owned 50-50 by Svenska Kraftnät and Statnett, the transmission system operators (TSOs) in Sweden and Norway respectively.
Nord Pool Spot AS and its wholly-owned Nord Pool Finland Oy subsidiary are owned 20 per cent each by the Fingrid, Energinet.dk, Statnett and Svenska Kraftnät TSOs, and by Nord Pool.
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/14-07membersNP.pdf Press release no 14/2007 http://www.nordpool.com/static/nordpool/archive/information/press_releases/08-06intradayGermany.pdf (PDF-format)
-------------------------------
For further information, please contact:
Lars Galtung, vice president communications, phone +47 6752 8080/+47 9821 4812
Jan Sveen, managing director, Norwatt Energy AS, phone +47 9016 1613
Bjarne Walbech, managing director, Nordic Power Trading, phone + 45 7552 5220