Market climbs following major price falls

Focus week 25: The sharp price falls in the Nordic forward market continued at the start of last week. However, the losses were regained on Friday and Monday.

Here and now

Last week started with further price falls in the Nordic forward market, and the most frequently traded contracts had fallen by nearly 20% in just one week on Thursday. Nevertheless, the market has managed to stop the bleeding, and drier weather forecasts and an uptrend in the adjacent markets caused Nordic prices to climb again on Friday and Monday. At the time of closing on Monday, the Q3-21 contract was trading at EUR 37.20/MWh, just over EUR 1/MWh higher than last week. The YR-22 contract closed at EUR 30.11/MWh, marginally lower than at the same time last week.

Read Focus here.