There were further price climbs in the Nordic energy market last week. On Monday in particular we experienced a steep price jump on the basis of drier weather, climbing prices in the carbon market and in the German energy market, as well as a generally higher appetite for risk across the markets. The hydro-balance surplus has now fallen to just 5 TWh, a further weakening since last week. As a result the market is still up, and the Q4-20 contract now costs EUR 23.40/MWh, a whole EUR 5.10/MWh more than last week. The YR-21 contract has climbed to EUR 23.92/MWh, an increase of EUR 2.97/MWh for the 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.