Due to lacking liquidity and limited interest from market participants, Nord Pool ASA will to de-list the EL-certificate spot contract from 1 January 2008. Lysaker, 23 November 2007 Nord Pool ASA started trading of EL-certificates in 3 March 2004. The contract has been traded in 7.6 per cent of the days out of total 935 trading days in the period. The liquidity has been declining over the last year and in the last six months there have only been 11 trades. Given the efforts Nord Pool has made for increased liquidity in the EL-certificates contract since start up, this is neither satisfactory nor sufficient to quote a legitimate market price in the future. However, Nord Pool experiences that there is interest towards a derivative contract for EL-certificates as a potential product, given the necessary volume in order to create a legitimate market price. Nord Pool ASA has therefore initiated talks with the Swedish branch organization Swedenergy in order to clarify the needs for eventual exchange traded derivates linked to the Swedish El-certificates market. In the other Nord Pool markets, there have been an increase in volume for both power and emissions trade this year. So far in 2007, both markets have exceeded the YTD volumes compared with 2006. http://www.nordpool.com/static/nordpool/archive/information/participant_information/Pdf/74-07CDA.pdf Exchange http://www.nordpool.com/static/nordpool/archive/information/participant_information/Pdf/75-07Elcertclosing.pdf information no 75-2007 (PDF-format) ------------------------------- For further information, please contact Nord Pool ASA: Marianne W. Jenssen, senior vice president, financial market, phone +47 6752 8076/+47 9013 6853 Georg Aasen, head of marketplace, financial market, phone +47 6752 8024
no 75/07 Nord Pool de-lists spot contract for EL-certificates due to low liquidity
| Source: Nasdaq Commodities