Nord Pool Spot’s volumes reached an all-time high in 2011, end-of-year figures have revealed.
The year saw 315.8 TWh of power traded, compared to 310 TWh in 2010. The volumes include the Nordic and Baltic day-ahead auction Elspot (294.4 TWh), the Nordic, Baltic and German intraday market Elbas (2.7 TWh) and the auction volume in the UK power market offering N2EX (18.7 TWh).
The volume growth is mainly attributed to the achievement of record volumes on N2EX, which Nord Pool Spot operates jointly in the UK with NASDAQ OMX Commodities.
Welcoming the company’s record year Mikael Lundin, CEO of Nord Pool Spot, said: “These figures confirm Nord Pool Spot’s position as the largest power exchange in Europe.
“In 2012 we will continue to focus on our core Nordic and Baltic area by further developing products and services, as well as exploring new markets and opportunities. The results achieved in the UK by N2EX show the great potential in this market, and we will continue to work for steady growth to encourage greater competition in the UK power market.
“2012 is also a year for continuing our strategic alliance with EPEX Spot to harmonize our systems and operations with the aim of continuing the successful integration of European power markets.”
In the UK, N2EX has seen strong and steady growth in volumes traded during 2011, with a total of 18.7 TWh traded on the auction, compared to 2.6 TWh in 2010. Taking into account all volumes traded on the N2EX platform, prompt, spot and auction; end-of-year figures show a total of 45.6 TWh traded.
Elbas, Nord Pool Spot’s intraday market for the Nordic region, Germany and Estonia, recorded good results in 2011, with 2.7 TWh traded compared to 2.2 TWh in 2010.
In the Nordic and Baltic day-ahead auction Elspot, volumes reached 294.4 TWh compared to 305.2 TWh in 2010. However, power consumption in the Nordic region decreased by 19 TWh in 2011 compared to 2010.
The value of the turnover in the Nord Pool Spot Elspot and Elbas markets for 2011 was EUR 14.5 billion, while the average system price for 2011 was 47.05 EUR/MWh.
About Nord Pool Spot
Nord Pool Spot runs the leading power market in Europe and offers both day-ahead and intraday markets to its members. 350 companies from 20 countries trade on the market. The Nord Pool Spot group has offices in Oslo, Stockholm, Helsinki, Copenhagen, Tallinn and London. In 2011 the group had a total turnover of 316 TWh, which includes the auction volume in the UK market N2EX.
Lysaker, 17 January 2012
For further information, please contact:
Stina Johansen, Communications Manager Nordic, +47 916 50 603