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 35 3 25 Spot turnover monthly 21- EUR/MWh 8 6 4 Average system price/month 2 15 1 5 21 22 23 24 25 26 2-2 21 22 23 24 25 26 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 11.39 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 235.5 TWh against 197.9 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.
GWh 3 2 1 Exchange with Nordic area monthly 23- Turnover of cleared bilateral market trades in October was 167.1 TWh against 16.3 TWh in September. In the same period in 26, the figure was 96.4 TWh -1-2 23 24 25 26 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 333.7 TWh against 211.3 TWh in September. In the same period in 26, the figure was 158.4 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 8 4 6 3-4 2 23 24 25 26 EEX PWX NP Spot Financial market and clearing - Nord Pool ASA/ Nord Pool Clearing ASA Turnover on the exchange in October was 166.6 TWh against 15. TWh in September. The notional value of the turnover in October was EUR 8,66 million. 2 1 25-1 25-7 26-1 26-7 -1-7 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).
EUA 15 EUA/CER turnover Turnover Nord Pool group 1 5 TWh 4 3 Turnover all markets 25-2 25-8 26-2 26-8 -2-8 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 56.74 EUR/MWh, up from 49.2 EUR/MWh in September. 2 1 1993 1994 1995 1996 1997 1998 1999 2 21 22 23 24 25 26 Elspot & Elbas Financial Market Clearing See enclosed tables for more information. EUR/MWh 1 8 Spot and forward prices October 6 4 2 1998 2 22 24 26 28 21 212 214 Spot Price Month Fwd Q & Yr Fwd In October, the price for the Q2 28 contract increased from EUR/MWh 44.7 to 48.5. For the annual contract for 28, the price increased to 52.8 EUR/MWh from 47.3 EUR/MWh in October.
For further information about the statistics or the slides material, please contact: FINLAND: Nord Pool Finland OY Karri Mäkelä, director sales & marketing Tel: +358 9 684 481 E-mail: km@npspot.com SWEDEN: Nord Pool Spot AS Urban Hammarstedt, director production Tel: +46 8 555 166 17 E-mail: uh@npspot.com DENMARK: Nord Pool Spot AS Anders Houmøller, director business development Tel: +45 63 11 23 E-mail: ah@npspot.com NORWAY: Nord Pool group Lars Galtung, vice president communications Tel: +47 67 52 8 8 E-mail: lars.galtung@nordpool.com
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 36.6 25.21 53.68 24.33 5.32 26.95 Århus 51.6 33.37 45.11 29.62 45.56 3.91 Copenhagen 49.43 34.6 47.97 3.22 5.32 31.79 Finland 37.24 32.24 5.78 27.8 5.46 29.9 Oslo 35.45 18.24 56.67 21.57 51. 24.71 Trondheim 37.64 27.3 55.34 26.32 5.46 28.86 Tromsø 37.5 27.14 55.34 26.23 5.46 28.8 Sweden 37.88 32.24 51.43 27.14 49.87 29.18 Kontek 54.9 34.69 43.74 32.68 51.3 34.42 Turnover, Spot TWh 24.5 21.5 22.5 235.5 197.9 287.5 meur 991.5 661.3 1,185. 6,477.1 1,17.9 8,566.1 GWh/day 789.6 716.6 725.4 774.8 651. 787.6 meur/day 31.98 22.4 38.23 21.31 32.95 23.47 Market share 7.9% 7.9% 71.% 72.2% 61.3% 72.2% Turnover, Elbas GWh 148. 218. 138.1 1,363.1 79.5 1,637.5 meur 6.2 7.5 7.3 4.3 4.2 51.8 GWh/day 4.77 7.27 4.45 4.48 2.6 4.49 meur/day.78.75.81.43.43.46 Physical electricity flows net GWh (- export / + import) Denmark -13 18-587 459-5,79-1,4 Finland 469 956 466 11,132 9,563 12,834 Norway -1,14-2,38 1,15-1,49-1,14-8,335 Sweden 1,236 1,68 446-446 6,643-657 The Nordic Region 588 346 1,34 1,96 1,113 2,442
Financial market, Nord Pool ASA Financial electricity contracts Closing prices, forward contracts October September October 26 1 st quarter 28 56.74 49.2 52. 2 nd quarter 28 48.5 44.7 4.8 Year 28 52.8 47.3 42.9 Year 29 5.6 47.5 42.3 Jan-Oct Jan-Oct 26 Nov 26- Oct Turnover on the exchange TWh 166.6 15. 61.9 877.5 64. 13.5 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 376.5 23.1 159.1 159.6 147.6 154.6 No. transactions/day 657.8 492.3 44.7 422. 352.8 413.1 Clearing turnover TWh 333.7 211.3 158.4 1,96. 1,775.5 2,45. meur 14,761 7,152 6,379 63,336 67,839 77,429 Number of transactions 2,933 13,862 13,268 132,165 117,674 155,79 GWh/day 14,58 1,564 7,198 9,289 8,455 9,544 meur/day 641.8 357.6 289.9 3.2 323. 37.3 No. transactions/day 91.1 693.1 63.1 626.4 56.4 617.9 Trading in European emissions allowances (CO 2 ) Closing prices, emissions allowances EUADEC7.7.8 1.9 EUADEC8 22. 21.7 15.25 CERDEC8 17.45 16.9 Turnover on the exchange Volume (1, EUA) 5,188 2,325 813 25,516 14,173 28,673 meur 99.1 46.1 1. 46.4 277.4 434.7 Number of transactions 419 259 19 275 1633 318 Volume (1, EUA)/day 225.6 116.3 37. 12.9 67.5 113.8 meur/day 4.31 2.31.46 1.93 1.32 1.72 No. transactions/day 18.2 13. 5. 12.8 7.8 12. Clearing turnover Volume (1, EUA) 12,225 8,253 4,82 66,977 48,241 78,34 meur 245.5 152.9 62.4 1,8.3 95.7 1,2. Number of transactions 777 544 36 5287 3828 6139 Volume (1, EUA)/day 531.5 412.7 219.1 317.4 229.7 31.7 meur/day 1.67 7.64 2.84 5.12 4.53 4.76 No. transactions/day 33.8 27.2 16.4 25.1 18.2 24.4 Trading days in the period 23 2 22 211 21 252
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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