Market stress APEX Conference, SEOUL 2006 Torger Lien President & CEO Nord Pool ASA.

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A never-ending source of energy

Presentation transcript:

Market stress APEX Conference, SEOUL 2006 Torger Lien President & CEO Nord Pool ASA

Power production capacity in the Nordic countries Production cost Combined heat and power production Gas turbine TWh Condensing, oil Hydropower (mean) Nuclear power 300 Annual Nordic consumption Pumped storage power Hydro Thermal Condensing, coal P1 P2

Hydro reservoir level Norway and Sweden

Price development Nordic market

Forward curve Nordic market

EUA

Volatility Nordic market

Example Daily Margin

Reflections Psychology or real fear Political dilemma Demand side response Long lead time for new generation/transmission The market is always in balance, the politicians does not always like that balance price Consequences ?

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