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Nordic September Power Trading Volumes Via Nasdaq Decline 8%

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Oct. 10 (Bloomberg) -- Traded and cleared volumes of power contracts in the Nordic region fell 8 percent from a year earlier to 160.2 terawatt-hours last month, according to Nasdaq OMX Group Inc.’s energy exchange in Oslo.

The amount of Nordic contracts traded directly on the exchange declined 10 percent to 91.8 terawatt-hours while over-the-counter trades cleared on the bourse dropped by 5.4 percent to 68.4 terawatt-hours, according to a monthly report on the exchange’s website.

Volumes rose from August, when 139.3 terawatt-hours were traded and cleared, according to the report.

The amount of German power contracts bought and sold fell to 0.7 terawatt-hours in September, down from 2.9 terawatt-hours a year earlier and 1.4 terawatt-hours in August, the exchange said.

Traded and cleared U.K. power volumes rose to 1.6 terawatt-hours, up from 0.2 terawatt-hours a year earlier and 1 terawatt-hours in August.

The exchange handled 1.9 million allowances and certified emission reduction units last month, down from 6 million a year earlier and up from 1.3 million from August, according to the report.

To contact the reporter on this story: Torsten Fagerholm in Helsinki at tfagerholm@bloomberg.net

To contact the editor responsible for this story: Lars Paulsson at lpaulsson@bloomberg.net

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