Enormous new price jump in forward market

Focus week 22: While spot prices in the Nordic region fell to their lowest levels this year last week, the price climbs continue in the forward market, where we reached record-high prices again last week.

Here and now

Following several weeks of sky-high prices, we experienced a sharp price fall in the Nordic energy market last week, not least due to several days of high wind power production levels. The average Nordic system price for the week was EUR 64.74/MWh, which makes it the cheapest week this year so far and almost reminiscent of price levels from previous years. The weekend in particular was characterised by extremely low prices, not least Saturday, on which a Nordic system price of EUR 13.17/MWh and negative hour prices in Denmark meant we experienced the lowest price levels so far this year.

Read Focus here.