For the second week in a row, there were clear price climbs in the Nordic energy market, but whereas last week’s uptrend was the result of drier weather forecasts, it is now the bullish carbon emissions allowance market causing the prices to climb. We now find ourselves in a market in which the allowance price is clearly crucial to the rest of the markets. The Q4-19 contract closed at EUR 42.75/MWh on Monday, EUR 2.80/MWh higher than last week, while the YR-20 contract has climbed by EUR 0.85/MWh and now costs EUR 38.00/MWh.
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Sopiva riskienhallintastrategia on kannattava sijoitus
We have experienced a week in which numerous events affected the markets. Crucial news included the nuclear power crisis in France and the attack on Saudi Arabian oil fields.