In the wake of the extremely large price jump the previous week, there were falling prices in the Nordic energy market last week. The downward adjustment was primarily a reaction to the markets feeling that the increases earlier in June were a little exaggerated. Record low spot prices, a falling carbon emissions allowance market and substantial snow melting in Norwegian mountains did, however, support the price falls as the week progressed. On Monday, the Q3-20 contract closed at EUR 12.90/MWh, a fall of EUR 2.30/MWh for the week. The YR-21 contract has fallen by EUR 1.85/MWh and now costs EUR 23.65/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.