The market found a foothold

Following the major price falls last week, the Nordic energy market stabilised at the start of October. Coal prices and weather forecasts were key.

The forward prices in the Nordic region fell significantly at the end of September, but the market stabilised somewhat last week. At the start of the week, prices climbed due to the dry weather forecasts and weakened hydro-balance, but the prices fell again on Friday and Monday. Overall, several of the most traded contracts ended the week virtually unchanged. The Q1-18 contract closed at EUR 30.90/MWh on Monday, a marginal decrease of EUR 0.35/MWh compared to last week. However, the YR-18 contract increased by EUR 0.12/MWh, closing at EUR 26.37/MWh on Monday.

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