The falling trend continued in the Nordic energy market last week, albeit not quite as strongly as the previous week. The continued negative mood was predominantly caused by some very wet weather forecasts and an improved hydro-balance, supported by a downtrend in the fuel markets and carbon emissions allowance market. When the market closed on Monday, the Q4-19 contract cost EUR 38.15/MWh, EUR 1.45/MWh less than last week. During the same period, the YR-20 contract fell by EUR 0.65/MWh and is now at EUR 35.90/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.