Nord Pool the Nordic power exchange GROUP MARKET REPORT. November The Nordic power market: Finland, Sweden, Denmark and Norway

Transcription

1 Nord Pool the Nordic power exchange GROUP MARKET REPORT November The Nordic power market: Finland, Sweden, Denmark and Norway

2 Market report for the Nord Pool group November Physical market Nord Pool Spot AS Turnover in the physical market in November was 24,87.1 GWh (1 GWh = 1 million KWh). This was an increase of 11.7 percent from October (22,266.9 GWh). In November 25 turnover was 15,594.4 GWh. EUR/MWh TWh Average System Price/month The exchange's market share in November was 71.8 percent, an increase of.8 percentage points from October. This is the highest share ever recorded. Compared with November 25, this represents a rise of 27.2 percentage points. 3 Spot Turnover Monthly 21- Power imports/exports in the Nordic market, November : The figures for import/export between the Nordic countries, which comprise a single common market, and the rest of Europe show that, overall, the Nordic region imported 798 GWh in November. GWh Exchange w ith Nordic Area Poland Germ any Russia Net This is 542 GWh less than in the preceding month. In November 25, 331 GWh were exported. The import of power into the Nordic region derives from Russia, Poland and Germany. Looking at the physical electricity flows between the countries, there were imports into Norway (815 GWh), Sweden (185 GWh) and Finland (744 GWh), while Denmark was an exporter (-946 GWh). The Nordic region has imported a net total of 1,911 GWh so far in, while for the same period in GWh were exported The average spot price in November was EUR 46.75/MWh, a reduction of 6.93 euro, or 12.9 percent, from the preceding month. Compared with November 25, the figure represents an increase of 53.3 percent (EUR 3.5/MWh). The total traded volume for to date is 22.6 TWh against TWh for the same period in 25. This is a year to date increase of 4.9 percent.

3 Development European Power Prices and Volume Below you find an overview of the spot prices for the largest exchanges in Europe since 23, Nord Pool (Nordic), EEX (Germany) and Powernext (France). EUR/EUA EUA Prices EUR/M Wh Spot Prices (NP, EEX, PWX) EUADEC EUADEC EUA EUA turnover EEX PWX NP_SPOT Financial market and clearing - Nord Pool ASA/ Nord Pool Clearing ASA Turnover on the exchange in November was TWh against TWh in October. The notional value of the November contracts was 3,249.6 million euro. Turnover of cleared bilateral market trades in November was TWh against TWh in October. In the same period in 25, the total was TWh. Turnover of traded and cleared contracts in November was TWh against TWh in October. In the same period in 25, the total was TWh. The value of the financial contracts (financial market and clearing) in November was 7,446 million euro against 6,739 million euro in October, while, compared with November 25, it represents a rise of 44 percent. The number of active participants was 13, and they executed a total of 13,798 transactions. In October, the corresponding figures were 97 participants and 13,268 transactions. Total turnover for to date (both financial market and clearing) is 1,991 TWh at a value of 74,75 million euro. The corresponding figures for 25 were 1,976 TWh and 48,317 million euro. In November 5.74 million tonnes of European emission allowances were traded and cleared, against 4.82 million tonnes in October. The value of the contracts was 6 million euro. In November 25, 4.57 million tonnes were traded and cleared, at a value of 99.5 million euro EUA FORWARDS EUA SPOT OTC To date in, emissions allowances equating to 53,98 million tonnes have been traded and cleared (25,3 million tonnes in 25). These had a value of 1,11 million euro (534.3 million euro in 25). Future electricity prices Nord Pool stresses that these prices indicate the market's expectations of future power prices in the wholesale market. Trading in the financial market (the future power market) indicates a price for the forward contract for Q1 27 down to EUR/MWh, from 61.9 in the preceding period. This means that price for a megawatt hour of power in the first quarter of 27 fell by 28 percent between the end of October and of November. EUR/MW h Spot and Forward Prices November Spot Price Month Fwd Q & Yr Fwd

4 In November, the price for the Q2 27 contract was also down, from EUR 46.1/MWh to This is a fall of 18 percent compared with the price at the end of October. For the annual contract for 27, in November the price fell to EUR 41.1/MWh from 5.. This is a fall of 18 percent from October. Turnover Nord Pool Group For further information about the statistics or the slides material, please contact: FINLAND: Nord Pool Finland OY Karri Mäkelä, director Finland Tel: km@npspot.com SWEDEN: Nord Pool ASA Tanja Ilic, senior vice president sales Tel: tanja.ilic@nordpool.com TWh Turnover All Markets Nov DENMARK: Nord Pool Spot AS Anders Houmøller, director Denmark Tel: ah@npspot.com NORWAY: Nord Pool group Lars Galtung, vice president communications Tel: lars.galtung@nordpool.com Elspot & Elbas Financial Market Clearing Members The customer base for Nord Pool ASA now includes 349 members. Nord Pool Spot AS has a customer base of 287. The Nord Pool group has now more than 42 members in total, including exchange members, clearing clients, members and representatives in 19 countries. See enclosed tables for more information.

5 Nord Pool monthly report November Physical market, Nord Pool Spot AS Elspot prices (EUR/MWh) November October November 25 Jan-Nov Jan-Nov 25 Dec 25- Nov System price Århus Copenhagen Finland Oslo Trondheim Tromsø Sweden Kontek Turnover GWh 24, , , , , ,8.2 meur 1, , ,28.8 4, ,585. GWh/day meur/day Market share 71.8 % 71. % 44.6 % 62.3 % 45.1 % 6.4 % Physical electricity flows, net GWh (- export / + import) Denmark ,25 1,772-6,394 Finland ,688 1,37 15,375 11,839 Norway 815 1,15-1, ,718-1,532 Sweden ,828-7,342 7,141 The Nordic Region 798 1, , ,54

6 Financial market, Nord Pool ASA Financial electricity contracts Closing prices, forward contracts November October November 25 1 st quarter nd quarter Year Year Jan-Nov Jan-Nov 25 Dec 25- Nov Turnover on the exchange TWh meur 3, ,5.5 2,15. 34, , ,821.4 Number of transactions 8,69 8,93 6,611 82,773 71,518 87,571. GWh/day 3, , ,81.8 3,7.8 3,27.1 2,994.3 meur/day No. transactions/day Clearing turnover TWh , , , meur 7,446. 6, , , , ,747.9 Number of transactions 13,798 13,268 11, , ,696 14,7 GWh/day 1, , ,3.3 8, , ,373.2 meur/day No. transactions/day Trading in European emissions allowances (CO 2 ) Closing prices, emissions allowances EUADEC Turnover on the exchange Volume (1, EUA) 1, ,5 15,547 12,193 16,546 meur Number of transactions Volume (1, EUA)/day meur/day No. transactions/day Clearing turnover Volume (1, EUA) 5,737 4,82 4,568 53,978 25,297 56,637 meur , ,68.47 Number of transactions Volume (1, EUA)/day meur/day No. transactions/day Trading days in the period

7 About Nord Pool Services from Nord Pool Nord Pool was the first multinational commodity exchange for electricity, green certificates and European Union Allowances (EUAs). The business of the Nordic power exchange is to provide market places for trading in physical and financial contracts in the Nordic countries (Finland, Sweden, Denmark and Norway). Organisation 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 5 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 twenty per cent each. The Nord Pool group has offices in Lysaker (Oslo), Fredericia, Stockholm, Helsinki, Berlin and Amsterdam. Members The Nord Pool group has more than 42 members in 19 countries. The membership includes energy producers, energy-intensive industries, large consumers, distributors, funds, investment companies, banks, brokers, utility companies and financial institutions. The physical market - Nord Pool Spot AS The physical market is the basis for all electricity trading in the Nordic market. The spot price set here forms the basis for the financial market. Nord Pool Spot organises the market place which comprises the Elspot and Elbas products. Elspot is the common Nordic market for trading physical electricity contracts with next-day supply. Elbas is a physical balance adjustement market for Sweden, Finland and eastern areas of Denmark. Both the Elspot and Elbas market also include the KONTEK area in Germany. The financial market Nord Pool ASA Nord Pool ASA provides a market place where the exchange members can trade derivative contracts in the financial market. Financial electricity contracts are used to guarantee prices and manage risk when trading power. Nord Pool offers contracts of up to six years' duration, with contracts for days, weeks, months, quarters and years. Nord Pool also trades EUAs). Clearing Nord Pool Clearing ASA Clearing consists of Nord Pool Clearing ASA which enters into financial contracts as a contractual counter-party. This means that Nord Pool assumes liability for covering the future clearing of financial contracts in order to reduce the risk of the contracts for buyers and sellers. Nord Pool Clearing provides clearing for financial, standardised electricity contracts traded on and off the exchange. Consulting Nord Pool Consulting AS Nord Pool Consulting AS is a consulting company specialising in services in the fields of consulting, operations and development of international deregulated power markets.

8 Norway Sweden Denmark Finland The Netherlands Germany