Danish and Swedish EPADs remain high

Focus week 29: The day prices in Denmark and Southern Sweden remain much higher than the Nordic system price level. However, the prices are below the historical average.

Here and now

There were relatively large price falls across the Nordic energy market last week. This was predominantly due to wet weather forecasts and a growing hydro-balance surplus. The forecasts became slightly drier over the weekend, after which the prices climbed slightly again, but not enough to prevent the short-term and long-term contracts in the market from ending the week with a noticeable fall overall. The Q4-20 contract has fallen by EUR 1.00/MWh to EUR 20.75/MWh, while the YR-21 contract now costs EUR 21.65/MWh, EUR 2.45/MWh less than last week.

Read Focus here.