The Nordic energy market climbed steadily for most of the last week. To begin with it was the colder and drier weather forecasts and high spot prices that sent the forward prices up, but after the weekend all eyes were on the improved mood in the Chinese-American trade war and signals from Russia and OPEC regarding further cuts to oil production. The Q1-19 contract closed at EUR 50.85/MWh on Monday, an increase of EUR 1.62/MWh during the course of the week, while the YR-19 contract increased by EUR 2.75/MWh to EUR 43.30/MWh.
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December 10 2018. The European Commission requires the German TSO Tennet to increase import capacity on the disputed transmission cable between Jutland and Germany.
Sopiva riskienhallintastrategia on kannattava sijoitus
The market experienced upwards adjustments last week, following price falls in the previous week. The focus was on, among other things, the G20 Summit in Argentina and OPEC and Russia’s oil policies.