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30 March 2004 - Norway's Financial Supervisory Authority (Kredittilsynet) has filed criminal charges against a Nord Pool member on plausible grounds of market manipulation.

The charges, filed with the country's National Authority for Investigation and Prosecution of Economic and Environmental Crime refers to transactions in the financial market on the Nordic power exchange at the end of 2002.

According to Kredittillsynet, the company sold large volumes of power late in the day to push down the price of a particular contract. The transactions were done on the same day as buy-options expired, and therefore gained a profit by buying at a lower price. This may constitute a breach of Norway's Security Trading Act.

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