On 17 December the daily price in five of the seven Elspot areas will be approx. EUR 251. This is partly due to a price level of EUR 1400 during two hours in areas NO2, NO3, SE, FI and DK2. Swedish and Finnish reserves have been activated in order to avoid curtailment. The two main reasons for the increased price are the increased consumption due to the cold weather and the outage of power plants, including the stop of Ringhals power plant in Sweden, causing a 1000 MW deficiency.

Lysaker, 16 December 2009

For further information, please contact Nord Pool Spot:
Hans Randen, Director Trading, phone +47 92 02 13 26
Siw Hauge, Director Communications, phone + 47 90 61 59 92