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 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.