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Geir Reigstad
Senior Vice President, NASDAQ OMX Commodites
+47 6710 8410/ +47 9084 6735
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Hans Randen
Director European Integration, Nord Pool Spot AS
+47 6710 9170/ +47 9202 1326
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Sara Aadnesen
Director Communications, NASDAQ OMX Commodities
+47 6752 8080/ +47 9060 0759
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Stuart Disbrey
Communications Manager UK, Nord Pool Spot AS
+44 7887 409 044
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15 years of experience in power markets and a world leader in exchange technology
In January 2010, NASDAQ OMX Commoditires and Nord Pool Spot announced the successful launch of N2EX, a new marketplace fo UK energy contracts.
The operators of N2EX have considerable expertise and knowledge from the power industry. NASDAQ OMX Commodities and Nord Pool Spot have been in the forefront of the power market for more than 15 years.
Today, Nord Pool Spot is considered the leading energy market in Europe and has been a pioneer in the Nordic electricity market for short-term trading of electricity since the start in 1993. NASDAQ OMX is the world leader in exchange technology. NASDAQ OMX Commodities is NASDAQ OMX Group's worldwide suite of commodity related products and services. NASDAQ OMX Commodities Europe operates the most liquid power derivatives exchange in the world, and one of Europe's leading carbon markets. As a proof of this powerful combination, the Futures and Options Association (FOA) in the UK , chose a consortium of Nord Pool Spot and NASDAQ OMX Commodities to establish the new UK power market.
The success of the model is best seen in the results with 72% of physical power consumption in the Nordic area traded over Nord Pool Spot; in the traded financial markets, NASDAQ OMX Commodities Europe has a market share of 56.4% of total cleared market (including international contracts).