Continuation of price climbs in short-term temporarily becoming more uncertain

Focus week 36: Nordic electricity prices continued to climb, but partly wetter weather forecasts and weaker emissions could potentially extend temporary corrections. Finland’s delays around newly built reactor continue.

Here and now

After significant gains during week 34, this development continued in a similar fashion, while major gains occurred at the beginning of last as well as this week. Precipitation forecasts kept the hydro balance under pressure, while rising gas and coal prices, emissions quotas and German power contracts supported the price move. Continental power prices were lately also reacting to news that EDF adjusted their reactor outage scheduling partly for up to 3 months. Q4-20 was Monday traded around 27,40 EUR/MWh, while the YR-21 was up at 26,25 EUR/MWh.

Read Focus here.