2010 volume report
Lysaker, 13 January 2011
Nord Pool Spot AS and NASDAQ OMX Commodities are pleased to report the annual volumes on N2EX after its successful first year in operation.
N2EX has seen a steady growth in volumes since the launch in January 2010, and ended on a total of 19.6 TWh.
2.6 TWh was traded on the auction, and 17.0 TWh on the prompt marked. The auction has shown an average monthly increase of 30 percent in volumes from August until today.
Geir Reigstad, Senior Vice President, NASDAQ OMX Commodities, said: “We are very happy with the volume development on N2EX. After only one year in operation, it is clear that UK power market participants have embraced the advantages of a cleared solution, which include increased transparency and security.”
“Based on these strong results we will continue our ambitious strategy of growth in the UK market in 2011. We focus on building market liquidity, efficiency and transparency ", said Mikael Lundin, CEO of Nord Pool Spot.
For further information, please contact N2EX:
Press contacts:
Trine Fersnes Riccardi, Director of Communications, Corporate Communications,
phone +47 6752 8080/+47 9574 7497
Siw Hauge, Director Communications, Nord Pool Spot AS, phone + 47 9061 5992
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 a secondary name of NASDAQ OMX Oslo ASA, and is authorized as a commodity derivatives exchange by the Norwegian Ministry of Finance and supervised by the Norwegian Financial Supervisory Authority.
The clearing house, NASDAQ OMX Stockholm AB, is authorised and supervised as a multi-asset clearing house by the Swedish Financial Supervisory Authority in Sweden as well as authorised to conduct clearing operation in Norway by the Norwegian Ministry of Finance.
NASDAQ OMX Commodities has more than 370 members from almost 20 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. 330 companies from 20 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 2009, the group had a turnover of 288 TWh representing a value of EUR 10.8 billion.
For more information, visit www.nordpoolspot.com.
This document is being directed solely at and may only be communicated to persons: (i) who have professional experience in matters relating to investments as defined in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "FPO") or, (ii) who are high net worth companies, unincorporated associations and trustees of high value trusts within Article 49(2)(a)-(d) of the FPO, or (iii) to whom it may otherwise be lawful to distribute it (all such persons together being referred to as "Relevant Persons"). Any investment activity to which this document relates is available only to Relevant Persons and will be engaged in only with Relevant Persons.