1. ERGEG Northern Europe Regional Initiative – Welcome to Stakeholder meeting (”Miniforum”) 27th June 2006

2. 1st Northern Europe Miniforum Helsinki, January 2005  CEER/ERGEG/Commission + Regional focus  ERGEG Electricity Regional Initiative The road to ERI

3. ERI in order to speed up market integration ERI is an ERGEG initiative backed by Commission and EU politicians (European Council and Energy Councils) Regulatory authorities role: Catalysts – not legislators! A continous dynamic process – also between ”Stakeholder Meetings” Some general observations

4. Focus on promoting practical implementation Be so specific as possible Limited number of parallel tasks Stakeholder involvement + not too many meetings  Simple organisational set-up Succes:Integrating competitive markets as quick as possible - independtly of who is the cause of the succes Northern Europe Region - Some basic considerations -

5. Regional Coordination Committee (RCC): Regulatory authorities + DGTREN + observers: Baltic and Dutch regulators Continuous stakeholder-involvement - primarily on a national/bilateral basis - with internal associations: ”lead regulator” ”Implementation groups” on specific topics: Reg.auts. + TSOs + stakeholders ad hoc invited Multilateral involvemet of stakeholders in ”Stakeholder Meetings”: ”Broad” participation Northern Europe Region - Organisational set-up -

6. Focus of regional initiative: The well functioning of the whole-sale market interface between Nordel-area and Germany/Poland To deal with now: - Interconnector allocation mechanism and congestion management - ”Merchant” interconnectors - Other interconnectors - Transparency for market-actors To include in road-map: - Planning and financing of new/strengthened interconnectors - Need for joint intra-day and regulation power markets - Cooperation on integration of major shares of windenergy Northern Europe Region Priority topics

7. Open dialogue on how to design the framework for a better integrated and more efficient Norther Europe electricity market Views on the priorities presented First concrete input on the work to begin now First concrete input on further work The purpose of todays Stakeholder Meeting

8. 10.00 – 10.20Welcome and short introduction of the Northern Europe Electricity Regional Initiative By DERA – Finn Dehlbæk Optimizing the use of interconnectors – capacity allocation and congestion management 10.20 – 10.35Status and challenges. By Northern Europe RCC/DERA – Bente Danielsen 10.35 – 10.50Open Market Coupling. By BNetzA – Frank-Peter Hansen 10.50 – 11.05The Kontek Price area, status and future. By Nord Pool Spot – Anders Plejdrup Houmøller 11.05 – 11.45Prepared presentations of stakeholders + Discussion Transparency for market participants in the Northern Europe whole sale market 11.45 – 12.00Status and challenges. By Northern Europe RCC/DER – Jan Hansen 12.00 – 12.15The need for transparency. By Eurelectric - Gunnar Lundberg, Vattenfall AB 12.15 - 12.30The new system of voluntary transparency - by European Energy Exchange AG – EE - Albert Moser 12.30 – 13.30 Lunch at Restaurant room Mama’s & Papa’s Todays agenda (1)

9. Transparency for market participants in the Northern Europe whole sale market……..continued 13.30 - 14.15Prepared presentations of stakeholders + Discussion Other priorities of a road-map - Planning and financing of investments in interconnectors - The need for joint intra-day and balancing markets - Cooperation on integration of major shares of wind energy 14.15 – 14.30 Status and challenges. By Northern Europe RCC/DERA – Peter Hoffmann 14.30 – 14.45Joint Nordic planning of transmission investments. By Nordel – Bente Hagem, Statnett 14.45 – 15.00The importance of common intra-day markets and balance settlement methods. By EFET - Harmuth Fenn, Vattenfall Trading 15.00 – 15.15 Integration of major shares of wind energy. By Energinet.dk, Per Sørensen, 15.15 – 15.40Coffee break Other priorities of a road-map…………continued 15.40 – 16.10Prepared presentations of stakeholders + Discussion 16.10 – 16.30 Conclusions Todays agenda (2)