Viikkoraportti

Focus week 25: The sharp price falls in the Nordic forward market continued at the start of last week. However, the losses were regained on Friday and Monday.

Focus week 24: Extremely wet weather forecasts affected both the spot prices and the forward prices in the Nordic energy market last week, when we experienced some sudden price falls.

Focus week 23: Nordic spot prices continue to climb, and June looks set to become the most expensive month in several price areas for more than two years.

Focus week 22: Following a cold, wet spring, the weather forecasts for the Nordic region have now become both warm and dry. There is once more a hydro-balance deficit.

Focus week 21: Last week turned out to be highly dramatic in the European electricity, carbon and fuel markets, with prices experiencing significant falls in just a few days.

Focus week 20: Even though Nordic electricity prices are climbing, the uptrend is even stronger in Germany. EPADs continue to climb in Denmark.

Focus week 19: The European carbon market continues to soar. The market broke through another major barrier last week, when the price went above EUR 50/t.

Focus week 18: European gas prices continued to climb last week. The focus is once more on Russia, and the country’s conflict with Ukraine is resulting in uncertainty in the market.

Focus week 17: The prolonged cold period in the Nordic region now means that the snow will remain in the mountains for longer than normal, putting pressure on hydro-power producers.

Focus week 16: Price climbs are continuing in the international fuel markets, and both the coal and gas markets are now at their highest levels since 2019.

Focus week 15: The ice-cold spring weather continues in the Nordic region, and several of the contracts in the forward market increased to their highest ever levels last week.

Focus week 14: There is cold weather as far as the eye can see in the Nordic region and, before long, the precipitation volumes will also have dropped to around normal for the time of year.

Focus week 13: The international oil and gas market found something new to worry about last week, when the Suez Canal in Egypt was blocked by a stranded container ship.

Focus week 12: There are prospects of precipitation volumes well above normal in the Nordic region until Easter at the very least. The hydro-balance deficit has disappeared.

Focus week 11: Another large price jump in the carbon market has pulled both fuel prices and the German electricity market upwards. Last week, the carbon price reached its highest ever level.

Focus week 10: The oil market has been climbing for the majority of the year so far, and the uptrend picked up even more last week. For the first time in nearly two years, Brent oil reached a price of more than USD 70/barrel.

Focus week 9: The fluctuations in the Nordic energy market were relatively minor last week, but the prices climbed on Monday on the back of expectations of colder and drier weather from the end of this week.

Focus week 8: For the second week in a row, mild and wet weather forecasts caused significant falls in the Nordic forward prices. The markets do not believe that the cold weather is likely to make a proper reappearance this winter.

Focus week 7: The winter looks set to be put on hold, at least for the next few weeks, and the milder and wetter forecasts resulted in falling forward prices last week.

Focus week 6: Carbon prices are rising extremely rapidly. Speculative buyers have caused the market to soar, and the upturn is also continuing in the fuel markets.

Focus week 5: Cold, calm weather in the Nordic region has caused the already high spot prices to increase further. On Monday, the Nordic system price reached its highest level in five years.

Focus week 4: Temperatures remain the main price driver in the Nordic region, and prospects of cold weather over the coming period caused the forward prices to climb throughout last week.

Focus week 3: The markets had priced in a cold end to January, but the weather forecasts have now changed direction. This resulted in price falls across the markets last week.

Focus week 2: Spot prices in the Nordic region have climbed dramatically in the cold weather that has characterised the start of 2021. We are now experiencing the highest Nordic system price level in more than a year.

Focus week 1: We have experienced a change in the weather in the Nordic region over Christmas and the New Year, and cold and dry weather is now dominant. This looks set to continue over the coming weeks, which has caused Nordic electricity prices to rise significantly.