Viikkoraportti

Focus week 25: Gas imports to Germany from Russia via the Nord Stream 1 pipeline have plummeted, and this has led to another significant price jump across the markets.

Focus week 24: Concern about the global economy has characterised the markets in recent weeks and risk appetite has been low, which has led to falling prices both in the Nordic region and on the continent.

Focus week 22: While spot prices in the Nordic region fell to their lowest levels this year last week, the price climbs continue in the forward market, where we reached record-high prices again last week.

Focus week 21: The EU is set to put a large number of additional carbon allowances up for sale to raise money to complete the green transition and remove the reliance on Russian gas. The news led to price falls in the carbon market last week.

Focus week 20: All headlines in the energy market involved Russia again last week. The country has shut down exports of electricity to Finland, and the markets also fear a complete stop to gas exports.

Focus week 19: Both spot prices and forward prices fell in the Nordic region last week, as there was a particular focus on milder and wetter weather forecasts for the coming weeks. Gas prices also fell despite the uncertainty.

Focus week 18: The gas dispute between Russia and the West escalated further last week, when Russia decided to stop gas supplies to Poland and Bulgaria. This news was received with relative calm in the market.

Focus week 17: Low temperatures and low levels of precipitation, combined with high levels of exports to other countries, mean that the water reservoir levels in Norway are currently unusually low.

Focus week 16. In the week leading up to Easter, electricity prices in the Nordic region climbed further due to the cold, dry weather forecasts and the continued uncertainty surrounding European energy supplies.

Focus week 15. The impact of the war in Ukraine on the energy markets grew further last week, when the EU stopped importing Russian coal.

Focus week 14: European gas trading with Russia is hanging by a thread. Both the Russians and the EU are flexing their muscles with a view to putting a stop to trading.

Focus week 13: Even though the war in Ukraine continues to set the tone in the European energy markets, the cold spring weather has also played a part in the past week.

Focus week 12: The war in Ukraine is continuing to cause enormous uncertainty across the European energy markets. Last week, electricity prices in the Nordic region increased again, along with gas and carbon.

Focus week 11: Even though the war in Ukraine is continuing unabated, there were price falls across the forward market last week. Spot prices, on the other hand, have climbed sharply.

Focus week 10: The markets are now pricing in an enormous risk premium as a result of the Russian invasion of Ukraine. Nordic system forwards soared again over the last week.

Focus week 9: The Russian invasion of Ukraine resulted in enormous price jumps across the markets during the past week. The colder and drier weather forecasts across the Nordic region have also contributed to the price climbs.

Focus week 8: The diplomatic situation surrounding the crisis in Eastern Europe is escalating further, and Germany has now put an end, temporarily at least, to the Nord Stream 2 pipeline.

Focus week 7: Forward prices in the Nordic region continued to fall in week 6 with the weather forecasts continuing to promise mild weather and plenty of precipitation. The downside was limited by the uncertainty surrounding French nuclear power and the potential war in Ukraine.

Focus week 6: The weather forecasts for the Nordic region continue to indicate mild, wet weather for the coming weeks. In spite of this, prices are not falling in the forward market, as the market is being supported by other factors.

Focus week 5: The situation in Eastern Europe is escalating, and the markets are pricing in the potential consequences of another war between Russia and Ukraine.

Focus week 4: The weather forecasts in the Nordic region have become colder and drier over the weekend. This led to major price jumps for the short-term contracts in the market on Monday.

Focus week 3: Even though the weather forecasts indicate mild, wet and windy weather for the rest of the month, there were still price climbs for the short-term contracts in the forward market last week.

Focus week 2: Nordic hydro-balance improving The weather forecasts have confirmed that the cold winter is no longer on the cards, and this led to further falls in the short-term contracts in the market last week.

Focus week 1: A notable change in the weather in Europe has been affecting both the fuel and energy markets since Christmas. However, the price falls came on the back of low trading activity.

Focus week 51: Weather characterised by high pressure has settled across the Nordic region, and temperatures are expected to be very low over the coming weeks. On Tuesday, spot prices climbed to the highest level ever observed.