The Nordic weather forecasts made it increasingly clear that a weather change was under way last week. Following several weeks of temperatures below normal, the level is now expected to be around 3-4 degrees above average from the middle of week six. These changes resulted in significant price falls across the Nordic energy market last week. The Q2-19 contract has fallen by EUR 3.60/MWh (approximately 7.5%) to EUR 43.90/MWh, while the YR-20 contract has fallen by EUR 1.61/MWh and is now trading at a price of EUR 36.90/MWh.
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August 23, 2019. The coming quarter forwards on the Nordic power market are underprices, according to an analyst from Wattsight, who projects prices around 5 EUR/MWh higher than what the market is trading at today.
Sopiva riskienhallintastrategia on kannattava sijoitus
The price falls in the long-term contracts in the energy market continued last week, with both coal and carbon emission prices dropping down another notch. However, the short-term contracts are staying put as a result of dry weather forecasts.