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.
Focus week 51: The European carbon market soared following the new EU climate plan agreement, and the carbon price has climbed to its highest ever level.
Focus week 50: The European fuel markets are currently characterised by cold weather and hopes of improvement in both demand and the global economy in 2021. Price climbs for both coal and gas.
Focus week 49: Following several weeks of extreme price falls, the Nordic energy market changed direction last week. The market rocketed as a result of the drier and colder weather forecasts.
Focus week 48: The price falls in the Nordic system futures continued last week, before drier and colder weather forecasts allowed the market to recover the losses on Monday.
Focus week 47: While the price falls in the Nordic system futures continue, the area prices in Denmark and Sweden are experiencing substantial climbs.
Focus week 46: The downturn in the Nordic energy market is showing no signs of ending. New record lows were set once again last week for the most frequently traded contracts.
Focus week 45: The coronavirus is once more making its presence felt across the markets. Rising infection rates and new lockdowns have reduced the appetite for risk, and prices are continuing to fall.
Focus week 44: The daily fluctuations in the Nordic energy market are currently substantial, underlining the fact that the market is in a situation of great uncertainty. The focus remains on hydrology and carbon.
Focus week 43: The Nordic energy market experienced a sharp price fall last week. Significantly wetter weather is on the way, and this caused prices to fall by more than 10% in both the coming quarter and year contracts.
Focus week 42: Last week, the day price for gas climbed to the highest level experienced so far this year. The causes include strikes in the Norwegian oil and gas industry.
Focus week 41: Anticipated decline in precipitation easing pressure on hydro producers and reservoir levels lately, while cooler conditions drive power demand projections.
Focus week 40: Expectations for seasonal demand kept driving fuels higher lately, partly supporting the Nordic market, while precipitation forecasts alternate.
Focus week 39: Once again, the only way was down in the Nordic energy market last week. Falling carbon emissions allowance prices and continuously wet weather forecasts continue to put pressure on the market.
Focus week 38: Wetter weather forecasts caused Nordic energy prices to fall at the start of week 38. The market is keeping an eye on whether hydro-power producers will have to increase production and lower prices again.
Focus week 37: Risk of drier development is recently priced into Nordic electricity contracts with renewed premiums. Still the probability of another change in forecasts remains.
Focus week 36: Nordic electricity prices continued to climb, but partly wetter weather forecasts and weaker emissions could potentially extend temporary corrections. Finland’s delays around newly built reactor continue.
Focus week 35: Nordic electricity prices experienced substantial climbs last week. The hydro-balance surplus is decreasing, and spot prices have permanently stabilised at a much higher level than we saw earlier in the summer.
Focus week 34: For the first time in three months, the Nordic system price climbed above EUR 10/MWh this week. Hydro-power producers have been able to raise prices in the dry weather.
Focus week 33: The start of August offered warmer and drier weather in both the Nordic region and Europe as a whole. This has caused electricity prices to soar.
Focus week 30: The holiday mood has well and truly set in across the international energy and financial markets.
Focus week 29: The day prices in Denmark and Southern Sweden remain much higher than the Nordic system price level. However, the prices are below the historical average.
Focus week 28: The summer holiday feeling has set in, and there is declining trading activity across the markets. The carbon market continues to set the tone.