Further price climbs leading up to Easter

Focus week 16. In the week leading up to Easter, electricity prices in the Nordic region climbed further due to the cold, dry weather forecasts and the continued uncertainty surrounding European energy supplies.

Here and now

Spot prices in the Nordic region experienced substantial climbs last week, after having been at relatively low levels the previous week. The average Nordic system price for the week was EUR 151.22/MWh, 45% higher than the previous week. Denmark, southern Sweden and Finland in particular experienced climbing prices, not least due to low levels of wind power production, while the price level remained largely unchanged in Norway. The already record-high prices for both the upcoming quarter contracts and the year contracts jumped further, partly because German electricity prices are continuing to climb.

Read Focus here.