Extreme daily fluctuations

Focus week 38: The daily fluctuations in the Nordic energy market are currently colossal. The prices fluctuate by several euros on a daily basis in a market in which gas continues to set the tone.

Here and now

Even though the Nordic energy market was already experiencing substantial fluctuations, these were nothing compared to the extreme fluctuations last week, when the most frequently traded contracts first underwent some substantial increases before falling sharply. The largest fluctuations took place on Wednesday and Thursday. Overall, the week ended with price falls, which is unusual in and of itself at the current time, with the market having soared sharply. The Q4-21 and YR-22 contracts closed at EUR 77.30/MWh and EUR 47.80/MWh respectively on Monday.

Read Focus here.