At the end of week 14, the extremely wet weather continued to trigger price falls in the Nordic energy market, but the situation changed completely on Monday. Over the weekend, noticeably drier and colder weather forecasts came in and resulted in an upward revision in the Nordic electricity market, overshadowing the falls from last week. On Monday, the Q3-20 contract closed at a price of EUR 9.10/MWh, an overall price increase of EUR 0.90/MWh for the week. Supported by increasing carbon emission allowance and oil prices, the YR-21 contract has increased by EUR 1.75/MWh and now costs EUR 21.30/MWh.
Read Focus here.
Sopiva riskienhallintastrategia on kannattava sijoitus
The Nordic energy market experienced a sharp price fall last week. Significantly wetter weather is on the way, and this caused prices to fall by more than 10% in both the coming quarter and year contracts.