Following several consecutive weeks of price climbs, the trend changed last week in the forward market. The German energy market fell on every day of the week, and fuel and carbon have also experienced price falls, which has helped pull the Nordic market downwards. Wetter weather forecasts provided a further boost to the downside for the short-term contracts in the market. There were also falling prices in the spot market, and the average Nordic system price for week 23 was EUR 97.36/MWh, a fall of around 20% compared to last week’s level.
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