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No.08/2006 Nord Pool Spot AS opens intra day power market in Germany

As the first intra day trading system in Europe, the Elbas system operated by Nord Pool Spot AS will offer intra day trading of power between the Nordic region and the German market. Nord Pool Spot AS will open for trading in the German market on 25 Sept

Since 1999, Elbas has proven to be an effective and flexible intra day trading system for balancing power supply and demand in the Nordic region. Nord Pool Spot AS is pleased to inform that Elbas is to be launched in the German bidding area “KONTEK” on 25 September 2006 as previously announced.

“The Elbas system has for many years provided an efficient solution for handling intra day imbalances in the Nordic region. When introducing Elbas in Germany, we believe that intra day trading of electricity will be more flexible and cost efficient for the German market players as well. Opening Elbas for cross border trading between the Nordic and German market is an exciting step into the future of a common European intra day market,” says CEO Jørn Limann in Nord Pool Spot AS.

By trading in the bidding area “KONTEK” participants will have access to intraday trading in the Vattenfall Europe Transmission control area in Germany. Capacity on the Kontek cable will be made available for intraday trading between Germany and the Nordic region.

Nord Pool Spot AS will extend Elbas to cover the whole of Germany when the announced automatic scheduling system is in place. This is expected to happen by the end of this year, and Nord Pool Spot AS has initiated discussions with the German transmission system operators.

Lysaker, 15 August 2006

For further information, please contact Nord Pool Spot AS:

Petter Torp, CFO, phone: +47 92 02 63 42