Week 14 became another week with clear price climbs in the Nordic energy market, with several contracts achieving new record levels nearly every day. It is a combination of continually dry weather forecasts and a weakened hydro-balance that is contributing to the upside, while price climbs in the German energy market and a coal market that has started to climb again are also playing a part. The Nordic Q3-18 contract closed at EUR 31.50/MWh on Monday, an increase of EUR 2.90/MWh compared to last week. The YR-19 contract increased by EUR 1.85/MWh to EUR 30.40/MWh.
Read Focus here.
January 24, 2019. The Nordic system price for Thursday was 68.65 EUR/MWh, the highest level in three years. Ice cold weather and low wind power production caused the high prices.
Sopiva riskienhallintastrategia on kannattava sijoitus
The temperatures have dropped below the norm in the Nordic region, and the prospects of the cold continuing for the remainder of the month caused the electricity prices to rise last week. All of Europe is affected by the cold weather.