Last week we were able to report how the Nordic weather forecasts were pointing in different directions. It would seem that it was the cold and dry forecasts that were correct, as these are now dominating completely. It is not just the Nordic region, but most of northern and western Europe where the cold is about to take hold, and this has also had an impact on fuel prices. The foundations were therefore laid for steeply climbing Nordic electricity prices last week. The Q1-20 contract has climbed by EUR 2.85/MWh to EUR 44.50/MWh, while the YR-20 contract is at EUR 37.43/MWh, EUR 1.96/MWh more than last week.
Read Focus here.
Sopiva riskienhallintastrategia on kannattava sijoitus
There are no prospects of a hard winter in the Nordic region just yet. The weather forecasts promise mild weather for the next couple of weeks, and last week the forecasts resulted in falling prices in the Nordic energy market.