no 02/08 Record volumes at Nord Pool in 2007


(Lysaker, 21 January 2008) In the physical market, Nord Pool Spot increased its market share of Nordic consumption to a record high of 68.9 percent compared to 61.4 percent in 2006. The total volumes traded was 292 TWh compared to 251 TWh in 2006, up 16 p 

In the financial market, Nord Pool ASA reached the highest volume ever traded with a volume of 1,060 TWh, up from 766 TWh in 2006. This raised the exchange traded market share in the Nordic power derivatives market to 45.9 percent for 2007.  

The physical power market
Transaction volumes on Nord Pool Spot's Elspot market was 290.6 TWh in 2007 compared to 249.8 TWh in 2006. In the Elbas market (balancing market for Finland, Sweden, Denmark and Germany) the volume was 1.6 TWh compared to 1.1 TWh in 2006. The average system price for 2007 was 29.93 EUR/MWh as compared to 48.59 in 2006. The value of turnover in the physical market for 2007 was EUR 9.1 billion as compared to EUR 12.1 billion in 2006. 

“We are very pleased with the development in volumes and market share. The all time high figures are a result of Nord Pool Spot's long term efforts in building a secure and transparent market place for physical power,” says Petter Torp, acting CEO in Nord Pool Spot AS. 

The financial power market
In the financial market, Nord Pool ASA posted a record volume of 1,060 TWh, up from 766 TWh in 2006. The market share of trades at Nord Pool's financial market was 45.9 per cent in 2007, up from 34.5 percent in 2006.
The total volume cleared by Nord Pool Clearing ASA reached 2,369 TWh compared to 2,220 TWh the year before. The number of transactions, traded and cleared, also showed record volumes with 159,337 transactions in 2007, gaining 12.9 percent compared to the year before. The value of traded and cleared contracts in 2007 was EUR 81.6 billion as compared to EUR 81.9 in 2006. 

The emissions market
The total volume of traded and cleared EUAs and CERs (1 tonne CO2=1 EUA=1 CER) was 95.11 million tonnes compared to 59.57 million tonnes in 2006, up 59.7 per cent. The value of traded and cleared contracts in the emissions market was EUR 1.6 billion compared to EUR 1.1 billion in 2006. These figures makes Nord Pool the second largest market place for emission allowances and emission credits in Europe, and the only exchange in the world to provide standardized EUAs and CERs.

“Nord Pool ASA has had a record year in terms of exchange volumes in both markets. New product launches and reduced fees have fuelled liquidity and volume. We have also posted a record number of 45 net new exchange and clearing customers in total,” says Torger Lien, CEO of Nord Pool ASA.
For further  information, please contact Nord Pool:  

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

Petter Torp, acting CEO, Nord Pool Spot AS, phone+47 6752 8059/ +47 9202 6342

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

About Nord Pool 
Nord Pool is Europe's largest power exchange in terms of both physical and financial contract volumes. Further, Nord Pool is also the only commodity exchange to provide trade in emissions allowances (EUAs) and carbon credits (CERs). 

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 number of participants at Nord Pool Spot AS increased to 319 in the Elspot market and to 55 members in the Elbas market in 2007. Nord Pool ASA gained 45 net financial counterparties in 2007, now totalling 400 unique member counterparties. Nord Pool has now 121 members 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 percent each in Nord Pool ASA. 

Nord Pool Spot AS and its subsidiaries Nord Pool Finland Oy and Nord Pool Spot AB are owned by the national grid companies Fingrid, Energinet.dk, Statnett, Svenska Kraftnät and Nord Pool ASA by twenty percent each.

The Nord Pool group has offices in Lysaker (Oslo), Fredericia, Stockholm, Helsinki, Berlin and Amsterdam.