EnergyWatch

Major energy trader suffers giant loss

Norwegian major energy trader in future power costs, Einar Aas, likely faces personal bankruptcy in what looks like the biggest loss suffered by a private individual in an energy trade.

Norwegian major investor and power price trader, Einar Aas, is likely facing personal bankruptcy following a major loss of roughly NOK 1.3 billion (USD 158.3 million) this week. This could turn out to be the biggest loss ever to hit a private individual, just as the case, according to a number of media, raises the question of how it is even possible to lose such a large amount on Nordic stock exchange Nasdaq Commodities.

A large part of the capital in a so-called investment reserve has also been lost.

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