The Nordic energy market did not stop climbing last week. Prices soared further in the German energy market as a result of increasing fears for the energy supply in the country over the coming months and over winter in particular. This is also affecting the Nordic region, especially the southern price areas that are closely linked to Germany. In the forward market, this meant that the Nordic system contracts for Q4-22 and 2023 once more reached record-high levels. They closed on Monday at EUR 182.00/MWh and EUR 110.25/MWh respectively.
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