Nordic energy prices fell steadily last week. Following a couple of weeks of dry weather, the weather forecasts have once again changed direction and now indicate precipitation volumes above normal for the coming weeks. Spot prices remain low, and the foundations have therefore been laid for price falls on the short-term contracts in the forward market. The Q3-20 contract closed at a price of EUR 8.20/MWh on Monday, EUR 1.21/MWh lower than last week. The distant contracts also fell together with the fuel and carbon emissions allowance markets. The YR-21 contract now costs EUR 21.30/MWh, a fall of EUR 1.55/MWh for the week.
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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.