markets - Swedbank
markets - Swedbank markets - Swedbank
Uncertainty regarding future power prices in theNordic regionNOK/kWh0,450,400,350,300,250,2028 NOK/kWh*0,150,100,050,001996 1998 2000 2002 2004 2006 2008 2010 2012 2014 2016 2018Nordic power price - SystemPeriod average12*Period average 2013 – 2018 is based on averages of forward prices for SYS.Source: www.nordpoolspot.com and www.nasdaqcommodities.com
… other key value driversSwap interestrate• Network regulated-income model from 2013based on swap interest rate• Financing costRegulatoryregime• Regulated revenue regime Network and Heat• Automatic metering systems by 2019• El-certificates• National hubEfficientoperations• Organic growth• Efficient operations• Risk management13
- Page 1 and 2: Hafslund - a pure play utilitySwedb
- Page 3 and 4: Hafslund - a leading Norwegian util
- Page 5 and 6: Recent years - focus on core busine
- Page 7 and 8: OsloPRODUCTION• Normal production
- Page 9 and 10: OsloRegional gridDistribution andRe
- Page 11: The Nordic power market - a key dri
- Page 15 and 16: Going forward - continued organic g
Uncertainty regarding future power prices in theNordic regionNOK/kWh0,450,400,350,300,250,2028 NOK/kWh*0,150,100,050,001996 1998 2000 2002 2004 2006 2008 2010 2012 2014 2016 2018Nordic power price - SystemPeriod average12*Period average 2013 – 2018 is based on averages of forward prices for SYS.Source: www.nordpoolspot.com and www.nasdaqcommodities.com