Nord Pool Spot AS/Nord Pool Finland Oy (“Nord Pool Spot”) has investigated a possible breach with the Market Conduct Rules section 3.1, and has found that Mälarenergi AB has violated section 3.1 by trading in Elbas while having inside information as defined in enclosure 1 to the Market Conduct Rules.
The Market Conduct Rules section 3.1 states that participants may not place bids or enter into transactions in the physical markets when holding inside information.
Mälarenergi AB has during two periods on the 14 November 2007 placed bids and entered into transactions in Elbas while holding inside information. Based on investigations undertaken by the market surveillance department and their written report, Nord Pool Spot has decided to give a written warning to Mälarenergi AB.
Lysaker, 1 April 2008
For further information, please contact Nord Pool:
Petter Torp, CEO Nord Pool Spot, phone +47 6752 8059
Erik Thrane, head of market surveillance, phone +47 6752 8089
Lars Galtung, vice president communications, phone +47 6752 8080