Lysaker, 24 October 2007 Nord Pool has received the following information from the Norwegian Water Resources and Energy Directorate (NVE): Increased price in Southern Norway The electricity price in Southern Norway is more than doubled over the last four weeks and is now almost at the same level as the prices in Middle and Northern Norway. The average spot price in Southern Norway was 30.1 øre/kWh in week 42. It is respectively 0.3 and 0.2 øre lower than the corresponding prices in Middle and Northern Norway. Low precipitation and inflow combined with colder weather and increased consumption explain the rise of the price in Southern Norway. In week 42 a spot price contract, with a 1.9 øre/kWh mark-up, would have given a price of 39.6 øre/including VAT to a regular consumer in Southern Norway. In Middle and Northern Norway the same type of contract would have given prices of respectively 39.9 øre/kWh and 39.7 øre/kWh. The inflow to the Norwegian reservoirs was 10 percent above normal in week 42. At the end of week 42 the Norwegian reservoir levels were 91.7 percent. In Southern Norway the reservoirs levels decreased by 0.7 percentage points from week 41 to 42. In Middle and Northern Norway the reservoir levels increased by 1.4 and 0.6 respectively. In Sweden, the reservoir levels rose by 0.3 percentage points to 83.8 percent. ------------------------------- Contact person at the Norwegian Water Resources and Energy Directorate: Marit L. Fossdal, NVE, phone: +47 2295 9353 Tor Arnt Johnsen, NVE, phone: +47 9302 4238 Nils Spjeldnæs, NVE, phone: +47 2295 9274