The falling hydro-balance surplus has resulted in climbing spot prices, but there were no notable fluctuations in the forward market. The weather forecasts have not changed much during the week. Temperatures below normal are still expected for the second half of May. On Monday, the Q3-20 contract closed at EUR 10.01/MWh, EUR 0.21/MWh higher than last week. The more distant contracts in the market have fallen, although only marginally. The YR-21 contract has fallen by EUR 0.80/MWh and is now trading at a price of EUR 21.90/MWh.
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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.