GROUP MARKET REPORT. Nord Pool the Nordic power exchange. Physical market Nord Pool Spot AS. Power imports/exports in the Nordic market, October 2007:
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1 October Nord Pool the Nordic power exchange GROUP MARKET REPORT Physical market Nord Pool Spot AS Turnover in the physical market in October was 24.5 (1 TWh = 1 billion KWh). This was an increase of 13.9 per cent from September (21.5 TWh). In October 26, turnover was 22.5 TWh. TWh Spot turnover monthly 21- EUR/MWh Average system price/month The exchange's market share in October was 7.9 per cent, unchanged from September. Compared with October 26, this represents a drop of.1 percentage points. The average spot price in October was EUR 36.6/MWh, an increase of EUR/MWh, or 45.2 per cent, from the preceding month. Compared with October 26, the figure represents a decrease of 31.8 per cent (EUR 53.68/MWh). The total traded volume for the first eight months was TWh against TWh for the same period in 26. This is an increase of 19 per cent. Power imports/exports in the Nordic market, October : The figures for import/export between the Nordic countries and the rest of Europe show that the Nordic region imported 588 GWh in October.
2 GWh Exchange with Nordic area monthly 23- Turnover of cleared bilateral market trades in October was TWh against 16.3 TWh in September. In the same period in 26, the figure was 96.4 TWh Germ any Es tonia Poland Rus sia Net In October 26, 1,34 GWh were imported. The import of power into the Nordic region derives from Russia, Poland, Germany and Estonia. Looking at the physical electricity flows between the countries, there were exports from Norway (1,236 GWh) and Denmark (13 GWh), while Sweden (1,236 GWh) and Finland (469 GWh) were importers. The Nordic region has imported a net total of 1,96 GWh during the last ten months. During the same period in 26, 1,113 GWh were imported. Development European power prices and volume The figure below gives an overview of the spot prices for the largest exchanges in Europe since 23, Nord Pool (Nordics), EEX (Germany) and Powernext (France). Turnover of traded and cleared contracts in October was TWh against TWh in September. In the same period in 26, the figure was TWh. The value of the financial contracts (financial market and clearing) in October was EUR 14,761 million against EUR 7,152 million in September. The number of active participants was 14, and they executed a total of 2,933 transactions. In September, the corresponding figures were 13 participants and 13,862 transactions. Total turnover year to date (both financial market and clearing) was 1,96 TWh at a value of EUR 63,336 million. The corresponding figures for the same period in 26 were 1,775 TWh and EUR 67,839 million. In October, 12.2 million tonnes CO 2 were traded and cleared, against 8.3 million tonnes in September (1 tonne CO 2 =1 EUA=1 CER). The value of the contracts was EUR 246 million. In October 26, 4.8 million tonnes were traded and cleared, at a value of EUR 62.4 million. EUR/MWh 1 Spot prices (NP, EEX, PWX) EUR/ tco2 EUA/CER prices EEX PWX NP Spot Financial market and clearing - Nord Pool ASA/ Nord Pool Clearing ASA Turnover on the exchange in October was TWh against 15. TWh in September. The notional value of the turnover in October was EUR 8,66 million EUADEC-7 CERDEC-8 EUADEC-8 Year to date, emission allowances equating to 67. million tonnes CO 2 have been traded and cleared (48.2 million tonnes in the same period in 26). These had a value of EUR 1,8 million (EUR 951 million in the same period in 26).
3 EUA 15 EUA/CER turnover Turnover Nord Pool group 1 5 TWh 4 3 Turnover all markets Financial Market Future electricity prices OTC 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 28 of EUR/MWh, up from 49.2 EUR/MWh in September Elspot & Elbas Financial Market Clearing See enclosed tables for more information. EUR/MWh 1 8 Spot and forward prices October Spot Price Month Fwd Q & Yr Fwd In October, the price for the Q2 28 contract increased from EUR/MWh 44.7 to For the annual contract for 28, the price increased to 52.8 EUR/MWh from 47.3 EUR/MWh in October.
4 For further information about the statistics or the slides material, please contact: FINLAND: Nord Pool Finland OY Karri Mäkelä, director sales & marketing Tel: km@npspot.com SWEDEN: Nord Pool Spot AS Urban Hammarstedt, director production Tel: uh@npspot.com DENMARK: Nord Pool Spot AS Anders Houmøller, director business development Tel: ah@npspot.com NORWAY: Nord Pool group Lars Galtung, vice president communications Tel: lars.galtung@nordpool.com
5 Nord Pool monthly report October Physical market, Nord Pool Spot AS Elspot prices (EUR/MWh) October September October 26 Jan-Oct Jan-Oct 26 Nov 26- Oct System price Århus Copenhagen Finland Oslo Trondheim Tromsø Sweden Kontek Turnover, Spot TWh meur ,185. 6, ,17.9 8,566.1 GWh/day meur/day Market share 7.9% 7.9% 71.% 72.2% 61.3% 72.2% Turnover, Elbas GWh , ,637.5 meur GWh/day meur/day Physical electricity flows net GWh (- export / + import) Denmark ,79-1,4 Finland ,132 9,563 12,834 Norway -1,14-2,38 1,15-1,49-1,14-8,335 Sweden 1,236 1, , The Nordic Region ,34 1,96 1,113 2,442
6 Financial market, Nord Pool ASA Financial electricity contracts Closing prices, forward contracts October September October 26 1 st quarter nd quarter Year Year Jan-Oct Jan-Oct 26 Nov 26- Oct Turnover on the exchange TWh meur 8,66 4,63 3,51 33,676 3,998 38,971 Number of transactions 15,129 9,845 8,93 89,39 74,83 14,13 GWh/day 7,244 5,251 2,815 4,159 3,48 3,982 meur/day No. transactions/day Clearing turnover TWh ,96. 1, ,45. meur 14,761 7,152 6,379 63,336 67,839 77,429 Number of transactions 2,933 13,862 13, , , ,79 GWh/day 14,58 1,564 7,198 9,289 8,455 9,544 meur/day No. transactions/day Trading in European emissions allowances (CO 2 ) Closing prices, emissions allowances EUADEC EUADEC CERDEC Turnover on the exchange Volume (1, EUA) 5,188 2, ,516 14,173 28,673 meur Number of transactions Volume (1, EUA)/day meur/day No. transactions/day Clearing turnover Volume (1, EUA) 12,225 8,253 4,82 66,977 48,241 78,34 meur , ,2. 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, European Union allowances (EUAs) and certified emission reductions (CERs). 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 total, including exchange members, clearing clients, members and representatives in 2 countries. The customer base for Nord Pool ASA now includes 4 members. Nord Pool Spot AS has a customer base of 39 in Elspot and 56 in Elbas. The membership includes energy producers, energyintensive 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 adjustment market for Sweden, Finland and 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.
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