uary 211 MARKET REPORT Highlights physical markets uary 211: POWER: Nord Pool Spot market share of Nordic consumption was 74.6 per cent in uary. The total Nordic preliminary consumption for uary was 4.4 TWh compared to 43.4 TWh in December. Volumes traded were 3.5 TWh in uary compared to 32.2 TWh in December. The average system price for uary was 69.62 EUR/MWh compared to 81.65 EUR/MWh in December. The value of turnover in the physical market for uary was EUR 2.1 billion. MEMBERS: Nord Pool Spot: 333 memberships in total. Highlights financial uary 211: POWER: NASDAQ OMX Commodities Europe reached a volume of traded contracts of 98.5 TWh, compared to 98.9 TWh in December (including international contracts). NASDAQ OMX Commodities reached a volume of traded and cleared contracts of 172.1 TWh, compared to 166.3 TWh in December (including international contracts). Exchange traded market share for Nordic power decreased to 56.7 percent, down 2.5 percentage points from December. 2.5 TWh traded and cleared in German contracts in uary 211. CARBON: The total volume of traded and cleared EUAs and CERs (1 tonne CO 2 =1 EUA=1 CER) was.9 million tonnes as compared to.9 million tonnes in December. MEMBERS: NASDAQ OMX Commodities: 362 memberships in total. For detailed information about uary figures, see enclosed tables.
Physical market EUR/MWh 1 8 6 4 2 - TWh 35 3 25 2 15 1 5 Turnover in the physical market in uary was 3.5 TWh (1 TWh = 1 billion KWh). In December, the turnover was 32.2 TWh. Average system price/month 212223242526272829211 The exchange's market share in uary was 74.6 per cent, a increase of 1.2 percentage points from December. Compared with uary, this represents an increase of. percentage points. Based on preliminary figures total Nordic consumption for - 211 was 4.4 TWh compared to 43.6 TWh for -. This represents an increase of 7.4 percentage points. Spot turnover monthly 21-211 212223242526272829211 Power imports/exports Nordic market: The figures for import/export between the Nordic countries and the rest of Europe show that the Nordic region imported 2 595 GWh in uary. GWh 3 2 1-1 -2 Exchange with Nordic area monthly 23-211 23 24 25 26 27 28 29 211 Germany Estonia Poland Russia Netherlands Net In December, 2 627 GWh were imported. Development European power prices and volume EUR/MWh 1 8 6 4 2 - Overview of spot prices for the some of the exchanges in Europe since 23: Nord Pool Spot (Nordics), EEX (Germany/Austria) and Powernext (France). Spot prices (NP, EEX, PWX) 23 24 25 26 27 28 29 211 EEX PWX NP Spot The average spot price in uary was EUR 69.62 EUR/MWh, a decrease of 12.3 EUR/MWh, or 14.7 per cent, from the preceding month.
1999 2 21 22 23 24 25 26 27 28 29 211 Financial market and clearing Turnover of traded and cleared contracts in uary was 172.1 TWh against 166.3 TWh in December (incl. international contracts). In uary, the figure was 246.7 TWh. EUR/tCO2 4 3 2 1 Turnover on the exchange in uary was 98.5 TWh against 98.9 TWh in December (including international contracts). The notional value of the turnover in uary was EUR 5,37 million. Turnover of cleared bilateral market trades in uary was 73.6 TWh against 67.4 TWh in December (including international contracts). In uary, the figure was 83.6 TWh. Turnover of traded and cleared contracts on international power in uary was 2.5 TWh against 1.4 TWh in December. Turnover on international power contracts on the exchange in uarywas 2.2 TWh against 1.2 TWh in December. In uary,.9 million tco 2 were traded and cleared, against.9 million tonnes in December (1 tco 2=1 EUA=1 CER). EUA and CER prices -7Jul-7-8 Jul-8-9Jul-9-1Jul-1-11 EUADEC-11 EUADEC-12 CERDEC-11 Future power prices These prices indicate the market's expectations of future power prices in the wholesale market. 12 1 8 6 4 2 Trading in the financial market (the future power market) indicates a price for the forward contract for Q2 211 of 5.55, down from 63.77 in December. EUR/MWh Spot and Forward Prices uary 31, 211 22 24 26 28 212 214 NP Spot (weekly) Month Fwd Q & Yr Fwd In uary, the price for the Q3 211 contract also decreased from EUR/MWh 55.25 to 47.9. Turnover power markets Nord Pool Spot/ NASDAQ OMX Commodities TWh 4 3 2 1 Turnover All Markets EUA 25 2 15 EUA/CER turnover Spot Exchange OTC See enclosed tables for more information. 1 5 28-128-729-129-7-1-7211-1 OTC Financial Market
Monthly Report - uary 211 Physical market, Nord Pool Spot Elspot prices (EUR/MWh) 211 Dec - 211 - Feb - 211 Systempris 69.62 81.65 53.38 69.62 53.38 54.44 Århus 52.89 6.5 43.29 52.89 43.29 47.3 Köpenhamn 54.36 91.64 66.12 54.36 66.12 55.94 Finland 68.92 91.34 65.78 68.92 65.78 56.91 Oslo 71.87 82.83 5.18 71.87 5.18 56.9 Trondheim 7.15 91.86 65.98 7.15 65.98 58.39 Sverige 69.72 91.86 65.78 69.72 65.78 57.15 Turnover, Spot TWh 3.5 32.2 32.9 3.5 32.9 32.8 meur 2 1.4 2 871.7 2 6.9 2 1.4 2 6.9 18 9.5 GWh/day 983.9 1 38.9 1 6.3 983.9 1 6.3 829.6 meur/day 67.76 92.64 66.48 67.76 66.48 49.34 Market share 74.6 % 73.4 % 74.6 % 74.6 % 74.6 % 74.4 % Turnover, Elbas GWh 146.5 136.4 172.8 146.5 172.8 2 147.6 meur 9.6 12.6 1.7 9.6 1.7 117. GWh/day 4.73 4.4 5.58 4.73 5.58 5.88 meur/day.31.41.35.31.35.32 Physical electricity flows net GWh* (- export / + import) Denmark -626-596 -53-626 -53-879 Finland 65 658 1 13 65 1 13 1 148 Norway 2 312 78 124 2 312 124 9 53 Sweden 259 1 785 1 553 259 1 553 732 The Nordic region 2 595 2 627 2 187 2 595 2 187 19 531 Physical consumption GWh* Denmark 3 452 3 598 3 43 3 452 3 43 Finland 8 471 8 742 9 119 8 471 9 119 Norway 13 63 14 883 14 93 13 63 14 93 Sweden 14 863 16 217 16 12 14 863 16 12 The Nordic region 4 389 43 441 43 599 4 389 43 599 *Preliminary figures
Financial market, NASDAQ OMX Commodities Europe Financial power contracts Closing prices, Nordic forward contracts 211 Dec 2nd quarter 211 5.55 63.77 42.15 3rd quarter 211 47.9 55.25 4.13 Year 212 46.35 5.95 41.25 Year 213 45.3 47.34 42.6-211 - Feb - 211 Turnover on the exchange TWh Nordic 96.3 97.7 161.7 96.3 161.7 1221.4 TWh International 2.2 1.2 1.4 2.2 1.4 17.8 TWh Total 98.5 98.9 163.1 98.5 163.1 1239.2 meur 5 37 5 746 7 121 5 37 7 121 59 193 Number of transactions 14 444 14 141 2 59 14 444 2 59 161 157 GWh/day 4 69 4 79 8 154 4 69 8 154 4 898 meur/day 239.9 273.6 356.1 239.9 356.1 234. No. transactions/day 687.8 673.4 1 25.5 687.8 1 25.5 637. Clearing turnover TWh Nordic 169.7 164.9 245.2 169.7 245.2 214.2 TWh International 2.5 1.4 1.4 2.5 1.4 18.8 TWh Total 172.1 166.3 246.7 172.1 246.7 233. meur 7 233 8 446 9 722 7 233 9 722 84 25 Number of transactions 17 5 16 976 24 68 17 5 24 68 192 569 GWh/day 8 196 7 918 12 334 8 196 12 334 8 36 meur/day 344.4 42.2 486.1 344.4 486.1 332.1 No. transactions/day 811.9 88.4 1 23.4 811.9 1 23.4 761.1 Trading in carbon contracts Closing prices, carbon contracts EUADEC11 14.99 14.19 13.45 EUADEC12 15.49 14.62 14.2 CERDEC11 11.41 11.35 11.4 Turnover on the exchange Volume (1, EUA) 656 176 3 494 656 3 494 15 62 Volume (1, CER) 9 35 35 1 71 Total Volume 656 266 3 844 656 3 844 16 691 meur 9.5 3.6 49.8 9.5 49.8 237.3 Number of transactions 68 31 218 68 218 1 63 Volume (1, EUA)/day 31.2 12.7 192.2 31.2 192.2 66. meur/day.45.17 2.49.45 2.49.94 No. transactions/day 3.2 1.5 1.9 3.2 1.9 6.3 Clearing turnover Volume (1, EUA) 935 777 5 274 935 5 274 22 251 Volume (1, CER) 1 122 425 1 425 4 495 Total Volume 945 899 5 699 945 5 699 26 746 meur 13.7 12.9 74.7 13.7 74.7 378.5 Number of transactions 85 58 314 85 314 1 949 Volume (1, EUA)/day 45. 42.8 285. 45. 285. 15.7 meur/day.65.61 3.73.65 3.73 1.5 No. transactions/day 4. 2.8 15.7 4. 15.7 7.7 Trading days in period 21 21 2 21 2 253
Nord Pool Spot AS operates the largest physical marketplace for electrical energy in the world, offering both day-ahead and intraday markets to its participants. Nord Pool Spot AS is owned by the Nordic transmission system operators and is authorized as a marketplace for energy under the Norwegian Energy Act. NASDAQ OMX Commodities is the brand name for the NASDAQ OMX Group s worldwide suite of commodity related products and services. The NASDAQ OMX Commodities offerings include power, natural gas and carbon emission markets and clearing services. NASDAQ OMX Commodities is a trademark of the NASDAQ OMX Group, Inc. NASDAQ OMX Commodities Europe is the trade name of NASDAQ OMX Oslo ASA which is authorized as a commodity derivatives exchange by the Norwegian Ministry of Finance and supervised by the Norwegian Financial Supervisory Authority. NASDAQ OMX Commodities Europe is the world s largest power derivatives exchange and one of Europe s leading carbon markets. All trades with NASDAQ OMX Commodities Europe are subject to clearing with NASDAQ OMX Stockholm AB, which is authorized and supervised as a multi-asset clearinghouse by the Swedish Financial Supervisory Authority in Sweden as well as authorized to conduct clearing operation in Norway by the Norwegian Ministry of Finance. N2EX is the name of the UK power market offering from NASDAQ OMX Commodities and Nord Pool Spot. NASDAQ OMX Stockholm AB is the authorized clearinghouse. Members NASDAQ OMX Commodities have 362 members. Nord Pool Spot AS has 324 members in Elspot and 95 in Elbas. The memberships include energy producers, energy-intensive industries, large consumers, distributors, funds, investment companies, banks, brokers, utility companies and financial institutions. Services and markets contracts and a following-month contract. Nord Pool Gas AS is owned by Energinet.dk and Nord Pool Spot with a share of fifty per cent each. The financial market NASDAQ OMX Commodities Europe holds the exchange license and maintains the responsibility for operating the exchange traded products. The exchange members can trade Nordic and international power derivative contracts. The spot price forms the basis for the financial market. Market participants use financial contracts to manage price risk when trading power. NASDAQ OMX Commodities Europe offers contracts of up to six years' duration covering days, weeks, months, quarters, seasons and years. On the carbon side, the exchange offers daily quarterly and yearly forward and futures carbon contracts, European Union allowances (EUAs) and global certified emission reductions (CERs). Clearing NASDAQ OMX Stockholm AB provides clearing by entering into financial derivatives contracts as a central clearing counterparty, thereby reducing the risk and margin requirements for buyers and sellers. The clearinghouse provides clearing of financial, standardised power contracts in the Nordic market, financially-settled German and Dutch power contracts, UK power futures and carbon contracts (EUAs and CERs) traded on and off the exchange. For further information about the statistics or the slides material, please contact: NASDAQ OMX Commodities Trine Fersnes, corporate communications Tel: +47 6752 88 E-mail: trine.riccardi@nasdaqomx.com Nord Pool Spot Siw Hauge, director communications Tel: + 47 961 5992 E-mail: sh@npspot.com Nord Pool Spot Rickard Nilsson, manager power data services Tel +46 8 555 166 6 E-mail: pds@npspot.com The physical market The physical market is the basis for all electricity trading in the Nordic market. Nord Pool Spot organises the marketplace which comprises the Elspot and Elbas products. Elspot is the common Nordic and Estonian market for trading physical electricity contracts with next-day supply. Elbas is a physical intra-day implicit continuous market for Sweden, Finland, Norway, Denmark, Germany and Estonia. The gas exchange Nord Pool Gas AS organises physical trade of natural gas. The products offered are day