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16 January 2013 08:00

No. 02/2013 - 2012 Sees new record volume for Nord Pool Spot

Nord Pool Spot has confirmed its position as Europe’s largest power market with volumes reaching a new all-time high in 2012.  

The year saw 432 TWh of power traded, compared to 316 TWh in 2011. Nord Pool Spot’s traded power volumes include the Nordic and Baltic day-ahead auction Elspot (334.0 TWh), the Nordic, Estonian and German intraday market Elbas (3.2 TWh) and day-ahead auction volume in the UK power market N2EX (94.8 TWh).

The impressive growth in volume seen during 2012 is attributed to three key achievements: record volumes on N2EX, which Nord Pool Spot operates jointly in the UK with NASDAQ OMX Commodities, the introduction of Lithuania as a new bidding area and a rise in Nordic market share.

Welcoming the company’s record year Mikael Lundin, CEO of Nord Pool Spot, said: “2012 was a challenging year for Nord Pool Spot, but our determination to work closely with our members to develop current and new markets, and to take a lead role in European market integration, has ensured robust results.

“In 2013 we will continue to focus on our core Nordic and Baltic market area, and complete the integration of the Baltic region by incorporating Latvia into the Nord Pool Spot market.

“The strong volume achieved in the UK by N2EX is a result of our dedication to building liquidity, producing reliable prices and providing solid products throughout 2012. We will continue to build further position to prove ourselves as the preferred power market in the UK.

“2013 is also a year for continuing integration of European power markets. We will focus on key integration projects such as market coupling in North-West Europe and Price Coupling of Regions, both important initiatives to further strengthen European power market integration. With many years of experience learned from Nordic developments, we have a great deal to contribute to the accelerating integration of European power markets.”

In the UK, N2EX saw strong and steady growth in volumes traded during 2012, with a total of 94.8 TWh traded on the auction, compared to 18.7 TWh in 2011. Taking into account all volumes traded on the N2EX platform - prompt, spot and day-ahead auction - end-of-year figures show a total of 133.3 TWh traded.

Elbas, Nord Pool Spot’s intraday market for the Nordic region, Estonia and Germany recorded good results in 2012, with 3.2 TWh traded compared to 2.7 TWh in 2011.

In the Nordic and Baltic day-ahead auction Elspot, volumes reached 334.0 TWh compared to 294.4 TWh in 2011. At the same time, market share increased from 73 percent of Nordic/Baltic consumption in 2011, to 77 percent in 2012.

The value of turnover in the Nord Pool Spot Elspot and Elbas markets for 2012 was EUR 11.7 billion, while the average system price in the Nordics during the year was 31.20 EUR/MWh.

About Nord Pool Spot
Nord Pool Spot operates Europe’s leading power markets, offering both day-ahead and intraday trading to its members. 370 companies from 20 countries trade on Nord Pool Spot’s markets in the Nordic and Baltic regions, and on our UK market N2EX. In 2012 the group had a total turnover of 432 TWh traded power. Our markets are operated from offices in Oslo, Stockholm, Helsinki, Copenhagen, Tallinn and London. Nord Pool Spot strives continually to strengthen its business by working with integrity, together with members and stakeholders, to achieve excellence.

Lysaker, 15 January 2013

For further information, please contact:
Stina Johansen, Head of Communications, +47 916 50 603


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