The short-term contracts in the Nordic energy market are continuing to trade within a very narrow range of between EUR 8/MWh and EUR 10/MWh. The week ended with a closing price of EUR 9.20/MWh in the Q3-20 contract, a fall of EUR 0.15/MWh. The small fluctuations are due to the fact that it is already clear that the Nordic region will experience a hydrological surplus during this period. Looking at the long-term contracts in the market, the YR-21 contract experienced a marginal fall of EUR 0.02/MWh. The carbon emissions allowance market remains a key price driver.
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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.