Following a couple of months without any notable fluctuations, there were substantial price climbs in the short-term contracts in the forward market last week. The main reason for the increases is the fact that the hydro-balance surplus has dwindled sharply in recent weeks. The Q3-20 contract closed at EUR 15.20/MWh on Monday, an increase of EUR 6.00/MWh for the week. The distant contracts in the market have also increased following a week in which both the coal and carbon markets have been climbing substantially. The Nordic YR-20 contract now costs EUR 25.45/MWh, EUR 2.40/MWh more than at the same time last week.
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Sopiva riskienhallintastrategia on kannattava sijoitus
The price falls in the Nordic system futures continued last week, before drier and colder weather forecasts allowed the market to recover the losses on Monday.