Following the major price jump the previous week there were slightly falling electricity prices in the Nordic region last week, although the level does of course remain extremely high compared to the levels we have previously experienced at this time of year. The average Nordic system price for the week was EUR 130.37/MWh, a fall of 18% compared to the price level the previous week. This week looks set to offer somewhat lower prices, as wind power production looks set to increase, while the snow-melting also looks set to intensify. The forward market also experienced falling prices last week.
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Riskit hallintaan oikealla strategialla
All headlines in the energy market involved Russia again last week. The country has shut down exports of electricity to Finland, and the markets also fear a complete stop to gas exports.