Holiday mood setting in across markets

Focus week 28: Trading activity is declining across the markets and, over the coming weeks, fluctuations will be based on relatively few transactions compared to normal.

Here and now

The price climbs in the Nordic energy market continued last week. Throughout the course of the week, the weather forecasts became uniform in predicting an impending change to warm, dry weather characterised by high pressure in the Nordic region. This caused prices to climb, not least in the short-term contracts in the market, but a rare week without any price jumps in the coal, gas and carbon markets placed a slight dampener on the upside. When the market closed on Monday, the Q4-21 contract had climbed to EUR 48.75/MWh, while the YR-22 contract has now climbed to EUR 33.00/MWh.

Read Focus here.