A so far mild autumn has now been replaced by freezing temperatures in large parts of the Nordic region and the weather forecasts indicate that the temperatures will likely remain below normal for the time of year for the next two weeks. This has caused rising forward prices in the Nordic region, where the Q1-22 and YR-22 contracts have now climbed to EUR 81.90/MWh and EUR 47.25/MWh respectively. Despite the major price jump, the price climbs have actually been even higher in Germany, which means that the area prices are also climbing in large parts of the Nordic region and that the overall electricity prices have climbed substantially.
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Riskit hallintaan oikealla strategialla
Nordic hydro-balance improving The weather forecasts have confirmed that the cold winter is no longer on the cards, and this led to further falls in the short-term contracts in the market last week.