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.
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.