N2EX Q1 2011: Increased volume on the N2EX day-ahead auction market

Lysaker, 4 April 2011

N2EX is pleased to report the volumes on the physical markets after the first quarter of 2011.

1.8 TWh was traded on the auction, and 6.1 TWh in the prompt market. N2EX has seen a steady growth in volumes, particularly for the day-ahead auction which saw an average monthly increase of 13.5% percent in volumes from January 2011 until end of March 2011.

For the delivery date 29 March, a new all-time high record was set in the day-ahead auction of 33.6 GWh. The staggered day-ahead auction for the weekend of week 12 also saw a new all-time high record of 72.9 GWh.

“We are very pleased to see that both volumes and the number of members on N2EX are continuously growing. Our members are supportive and committed to the N2EX market offerings and we continue our ambitious growth strategy in the UK market,” said Hans Randen, Director European Integration of Nord Pool Spot.

“The launch of the BritNed cable in April 2011 is also an important milestone for the development of the UK market, and represents additional opportunities to the N2EX members,” Randen continued. “UK market participants now get access to capacity on the BritNed cable through explicit auctions. N2EX expects to see growing volumes during the coming months as market participants holding explicit capacity can trade their volumes on an already liquid N2EX market,” concluded Randen.

For further information, please contact N2EX:

Press contacts:

Stina Johansen, Communications Manager, Nord Pool Spot AS, phone + 47 9165 0603

Trine Fersnes Riccardi, Director of Communications, Corporate Communications,
NASDAQ OMX Commodities, phone +47 6752 8080/+47 9574 7497

About N2EX
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.

The web site, www.n2ex.com, provides market information and documentation for the UK power market.

About NASDAQ OMX Commodities
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.

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.

NASDAQ OMX Commodities has more than 350 members from over 15 countries covering a wide range of energy producers, consumers and financial institutions.

For more information, please visit www.nasdaqomxcommodities.com.

About Nord Pool Spot
Nord Pool Spot runs the largest market for electrical energy in the world, offering both day-ahead and intraday markets to its participants. Nearly 340 companies from 18 countries trade on the exchange. The Nord Pool Spot group has offices in Oslo, Helsinki, Stockholm, Fredericia (Denmark), Tallinn and London. Nord Pool Spot is owned by the Nordic transmission system operators. In 2010, the group had a turnover of 307 TWh representing a value of EUR 18 billion.

For more information, visit www.nordpoolspot.com.

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