(Lysaker, 31 May 2007) The German Consultancy UMB UmweltManagementBeratung Hacker GmbH (Environmental Management Consultancy) is the first German member on the European Union allowance (EUA) spot market at Nord Pool.
“We are pleased to complete our services around emission allowance trading to mainly German small and medium sized enterprises by opening the possibility to take part in the daily spot market of EUAs at Nord Pool,” says Mr. Jürgen Hacker, managing director of UMB.
Nord Pool is the largest power exchange for financial contracts in Europe with more than 360 members from 20 countries. Nord Pool is attracting new direct trading customers from across Europe to participate in the electricity and EUA markets.
“Through experience and industrial competence in the fields of environmental approval procedures and advisory, UMB has built solid channels for EU allowances trading in Germany. Nord Pools liquid carbon market represents a effective tool which will enable UMB to serve its clients in a most efficient way,” says Torger Lien, CEO of Nord Pool ASA.
About Nord Pool
Nord Pool is the world's first international commodity exchange for electricity, green certificates and European Union allowances (EUAs).
The core business of the Nord Pool group is trading and clearing physical-delivery and financially-settled power contracts in the Nordic region (Finland, Sweden, Denmark and Norway).
The group has more than 420 members from 20 countries across a wide range of energy producers and consumers as well as financial institutions. Nord Pool has over 9 0 members from 17 countries in the c a r b o n market.
The Nord Pool group comprises Nord Pool ASA and Nord Pool Spot AS.
Nord Pool ASA embraces the wholly-owned Nord Pool Clearing ASA and Nord Pool Consulting AS subsidiaries. It is owned 50-50 by Svenska Kraftnät and Statnett, the transmission system operators (TSOs) in Sweden and Norway respectively.
Nord Pool Spot AS and its wholly-owned Nord Pool Finland Oy subsidiary are owned 20 per cent each by the Fingrid, Energinet.dk, Statnett and Svenska Kraftnät TSOs, and by Nord Pool.
The Nord Pool group has offices in Lysaker (Oslo), Fredericia, Stockholm, Helsinki, Berlin and Amsterdam.
http://www.nordpool.com/static/nordpool/archive/information/press_releases/15-07EUAspotmarket.pdf Press release no 15/2007 http://www.nordpool.com/static/nordpool/archive/information/press_releases/08-06intradayGermany.pdf (PDF-format)
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For further information, please contact Nord Pool ASA:
Torger Lien, president and CEO, phone +47 6752 8070/+47 9188 8112
Lars Galtung, vice president communications, phone +47 6752 8080/+47 9821 4812