The war in Ukraine continues to cause enormous daily fluctuations across the markets, including the Nordic energy market. One factor is the impact the war is having on the markets at this very moment, but the increases are also, to a large extent, due to the enormous uncertainty and fears of scarcity of supply for gas, coal and oil in the coming months and years. As a result, we observed some extremely major price jumps in the forward market. The Nordic Q2-22 contract has climbed 65% during the course of the week and now costs EUR 122.50/MWh, while the 2023 contract has climbed by 11% to EUR 52.50/MWh.
Read Focus here.