no 17/08 ELNORD first Polish member on power derivatives


(Lysaker, 11 September 2008) From 4 September 2008 ELNORD S.A. - the company which represents ENERGA group's trading activities in the wholesale electricity market - became a member of Nord Pool.  

It is the first Polish company to trade power derivatives on Europe's largest power exchange. 

”Entering Nord Pool is a significant step towards extending the ELNORD's scope of activities and offer, regarding both the territory and the product - comments Krzysztof Dziewirz, president of the board, at ELNORD SA. 

“We made our decision to enter Nord Pool due to its strong position, specific geographical location and low correlation with markets in the rest of Europe. Especially, it gives us additional possibilities such as trading in certified emission reductions (CER). Moreover, the guaranteed liquidity of Nord Pool confirmed by the number of participants and the trade volume gives us a chance to undertake effective commercial activities at moderate risk.”

Torger Lien, CEO Nord Pool ASA added: “We are very pleased to have ELNORD as a new exchange member in our financial power market, expanding our membership range in Europe to a new country. Nord Pool continuously seeks to develop the market and liquidity. The exchange opening hours on international products will soon be extended, hoping to attract even more members and increase liquidity,” says Torger Lien, CEO of Nord Pool ASA.

For more information about Nord Pool's extended opening hours, please see exchange information no 54/08 on http://www.nordpool.com www.nordpool.com .

About ELNORD SA and ENERGA group  
ELNORD S.A. has been present on the energy market for 10 years and it represents ENERGA group's trading activities in the wholesale electricity market. ELNORD's main business domain is the wholesale electricity market. The company also trades in: property rights - generated from renewable energy and the energy cogenerated with the production of heat; CO2 emission certificates, coal, oil and power derivatives. ENERGA is one of the four major electro energetic groups in Poland and its registered seat is in Gdańsk. Main field of activity of ENERGA capital group is production, trade and distribution of energy. It provides its services for over 2.7 million clients, mostly in the north and middle part of the country. ENERGA is delivering electricity for over 7 million homes of Poles and for over 200,000 companies as well. See http://www.elnord.eu/index.dhtml" www.elnord.eu .

About Nord Pool ASA  
Nord Pool ASA is the world's largest power derivatives exchange and among Europe's largest carbon exchanges for trade in EUAs and CERs. The company has more than 400 members from 21 countries across a wide range of energy producers and consumers, as well as financial institutions. Nord Pool ASA embraces the wholly-owned Nord Pool Clearing ASA and Nord Pool Consulting AS subsidiaries. It is jointly owned by the transmission system operators (TSOs) Svenska Kraftnät and Statnett. The company has offices in Lysaker (Oslo), Stockholm, Helsinki and Amsterdam. For more information, please visit http://www.nordpool.com www.nordpool.com .

For further information, please contact: 

Torger Lien, president and CEO, Nord Pool ASA, 
phone +47 9188 8112

Lars Galtung, vice president corporate communications, Nord Pool group, 
phone +47 9821 4812

Krzysztof Hrywniak, director, trading department, ELNORD SA, 
phone +48 58 740 29 50

Patrycja Turyn, head of marketing, ELNORD SA, 
phone +48 58 740 29 54