Nord Pool the Nordic power exchange GROUP MARKET REPORT

Transcription

1 August 28 Nord Pool the Nordic power exchange GROUP MARKET REPORT Highlights physical markets: POWER: Volume Elspot 2.7 TWh in August and TWh YTD Volume Elbas 15.3 GWh in August and YTD GWh The exchange's market share in August was 7.1 per cent, compared to 69.5 in July MEMBERS: Nord Pool Spot: 8 net new members YTD, 382 memberships in total Highlights financial markets: POWER: Volume traded and cleared Nordic power in August was TWh and YTD TWh, compared to 21.1 TWh and TWh last year Nord Pool market share of traded Nordic power contracts was 61.7 per cent in August 28 compared to 5.1 per cent in August 27 Volume traded and cleared in international power contracts were 1.3 TWh in August and 29.3 TWh YTD CARBON: Volume EUAs and CERs 15.3 million tonnes in August and 96.1 million tonnes YTD MEMBERS: Nord Pool ASA: 17 net new members YTD, 417 memberships in total For detailed information about August figures, see enclosed tables.

2 Physical market Nord Pool Spot AS Turnover in the physical market in August was 2.7 TWh (1 TWh = 1 billion KWh). In July the turnover was 2.6 TWh. EUR/MWh Average system price/month The exchange's market share in August was 7.1 per cent, an increase of.6 percentage points from July. Compared with August 27, this represents an increase of.6 percentage points. TWh Spot turnover monthly Power imports/exports Nordic market: The figures for import/export between the Nordic countries and the rest of Europe show that the Nordic region imported 957 GWh in August. GWh Exchange with Nordic area monthly Germany Estonia Poland Russia Netherlands Net In July 28, 421 GWh were exported. Development European power prices and volume Overview of spot prices for the largest exchanges in Europe since 23: Nord Pool (Nordics), EEX (Germany) and Powernext (France). EUR/MWh Spot prices (NP, EEX, PWX) The average spot price in August was EUR 54.62/MWh, an increase of 1.19 EUR/MWh, or 22.9 per cent, from the preceding month. EEX PWX NP Spot

3 Financial market and clearing Turnover of traded and cleared contracts in august was TWh against 193. TWh in July (incl. international contracts). In the same period in 27, the figure was 21.1 TWh. Turnover on the exchange in August was TWh against 1.1 TWh in July (incl. international contracts). The notional value of the turnover in August was EUR million. Turnover of cleared bilateral market trades in August was 7.8 TWh against 92.9 TWh in July (incl. international contracts). In the same period in 27, the figure was 14.8 TWh. Turnover on international power contracts on the exchange in August was 1.1 TWh against.8 TWh in July. Turnover of traded and cleared contracts on international power in August was 1.3 TWh against 1.8 TWh in July. In August 15.3 million tco 2 were traded and cleared, against 7.5 million tonnes in July (1 tco 2=1 EUA=1 CER). Future power prices These prices indicate the market's expectations of future power prices in the wholesale market. Trading in the financial market (the future power market) indicates a price for the forward contract for Q4 28 of 73.6 EUR/MWh, up from from 64. EUR/MWh in July. EUR/MWh Spot and forward prices August Spot Price Month Fwd Q & Yr Fwd In August, the price for the Q1 29 contract increased from EUR/MWh to EUR/ tco2 EUA/CER prices Turnover power markets Nord Pool group TWh Turnover all markets EUA 25 2 EUA D EC -8 C ER D EC -8 EUA D EC -9 EUA/CER turnover Elspot & Elbas Financial Market Clearing See enclosed tables for more information Financial Market OTC

4 Nord Pool Monthly Report August 28 Physical market, Nord Pool Spot AS Elspot prices August August Jan-Aug Jan-Aug Sep 27 - (EUR/MWh) 28 July Aug 28 System price Århus Copenhagen Finland Oslo Trondheim Tromsø Sweden Kontek Turnover, Spot TWh meur 1, , ,42.5 4, ,286.7 GWh/day meur/day Market share 7.1 % 69.5 % 69.5 % 7.2 % 69. % 69.8 % Turnover, Elbas GWh , ,697.4 meur GWh/day meur/day Physical electricity flows net GWh (- export / + import) Denmark , ,26 Finland 1,29 1,37 1,217 1,18 9,77 12,584 Norway -1,645-1,955-2,589-9,343-6,727-12,744 Sweden ,711-3, The Nordic Region ,

5 Financial market, Nord Pool ASA Financial power contracts Closing prices, Nordic forward contracts August 28 July 28 August 27 4 th quarter st quarter Year Year Jan-Aug 28 Jan-Aug 27 Sep 27 - Aug 28 Turnover on the exchange TWh Nordic TWh International TWh Total meur 7,339 6,339 3,88 49,862 2,953 72,111 Number of transactions 13,339 11,52 1,3 14,15 64,65 148,671 GWh/day 5,473 4,351 4,58 5,841 3,67 5,741 meur/day No. transactions/day Clearing turnover TWh Nordic TWh International TWh Total meur 1,583 1,94 6,825 8,673 41,423 12,895 Number of transactions 16,556 14,543 14, ,831 97,37 199,798 GWh/day 8,842 8,393 9,135 1,477 8,423 1,857 meur/day No. transactions/day Trading in carbon contracts Closing prices, carbon contracts EUADEC EUADEC CERDEC Turnover on the exchange Volume (1, EUA) 1,175 1,68 2,319 17,447 16,313 27,83 Volume (1, CER) ,6 7,21 1,69 11,178 Total Volume 1,38 1,84 3,379 24,648 18,3 39,8 meur Number of transactions Volume (1, EUA)/day meur/day No. transactions/day Clearing turnover Volume (1, EUA) 3,285 5,871 4,762 47,584 43,938 74,287 Volume (1, CER) 12, 1,627 1,445 48,523 2,561 7,439 Total Volume 15,285 7,498 6,27 96,17 46, ,726 meur , ,881.7 Number of transactions Volume (1, EUA)/day meur/day No. transactions/day Trading days in period

6 About Nord Pool Services from Nord Pool Nord Pool is Europe s largest power exchange in terms of both physical and financial contract volumes. Further, Nord Pool is also the only commodity exchange to provide trade in emissions allowances (EUAs) and carbon credits (CERs). Organisation The Nord Pool group comprises Nord Pool ASA and Nord Pool Spot AS. Nord Pool ASA comprises the wholly owned subsidiaries, Nord Pool Clearing ASA and Nord Pool Consulting AS. The national grid companies Svenska Kraftnät and Statnett holds 5 per cent each in Nord Pool ASA. Nord Pool Spot AS and its subsidiaries Nord Pool Finland Oy and Nord Pool Spot AB are owned by the national grid companies Fingrid, Energinet.dk, Statnett, Svenska Kraftnät and Nord Pool ASA by twenty per cent each. The Nord Pool group has offices in Lysaker (Oslo), Fredericia, Stockholm, Helsinki, Berlin and Amsterdam. Members Nord Pool ASA has 417 members. Nord Pool Spot AS 322 members in Elspot and 6 in Elbas. The memberships include energy producers, energyintensive industries, large consumers, distributors, funds, investment companies, banks, brokers, utility companies and financial institutions. The physical market - Nord Pool Spot AS The physical market is the basis for all electricity trading in the Nordic market. The spot price forms the basis for the financial market. Nord Pool Spot organises the market place which comprises the Elspot and Elbas products. Elspot is the common Nordic market for trading physical electricity contracts with next-day supply. Elbas is a physical balance adjustment market for Sweden, Finland and Denmark. Both the Elspot and Elbas market also include the KONTEK area in Germany. The gas exchange Nord Pool Gas AS organizes physical trade of natural gas. The products offered are day contracts and a following-month contract. Nord Pool Gas AS is owned by Energinet.dk and Nord Pool Spot with a share of 5 % each. The financial market Nord Pool ASA Nord Pool ASA provides a marketplace where the exchange members can trade derivative contracts in the financial market. Financial power contracts are used to guarantee prices and manage risk when trading power. Nord Pool offers contracts of up to six years' duration, with contracts for days, weeks, months, quarters and years. Nord Pool also trades EUAs and CERs. Clearing Nord Pool Clearing ASA Clearing consists of Nord Pool Clearing ASA which enters into financial contracts as a contractual counter-party. This means that Nord Pool assumes liability for covering the future clearing of financial contracts in order to reduce the risk of the contracts for buyers and sellers. Nord Pool Clearing provides clearing for financial, standardised electricity contracts traded on and off the exchange. Consulting Nord Pool Consulting AS Nord Pool Consulting AS is a consulting company specialising in services in the fields of consulting, operations and development of international deregulated power markets. For further information about the statistics or the slides material, please contact: FINLAND: Nord Pool Finland OY Karri Mäkelä, director operations Tel: km@npspot.com SWEDEN: Nord Pool Spot AB Urban Hammarstedt, director operations Tel: uh@npspot.com DENMARK: Nord Pool Spot AS Anders Houmøller, director business development Tel: ah@npspot.com NORWAY: Nord Pool group Lars Galtung, vice president communications Tel: lars.galtung@nordpool.com