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.
Focus week 27: The Nordic system price remains low in spite of the dwindling hydro-balance surplus, while Danish and Swedish EPADs are rising sharply. One of the causes of this is the reduced cable capacity.
Focus week 26: The carbon emissions allowance price continued to climb last week and has now recovered all losses from the coronavirus crisis. Nordic energy prices also experienced increases.
Focus week 25: A rising infection count in both the USA and China has caused renewed uncertainty in the markets. The fear of a second wave of coronavirus has been a key topic in the last week.
Focus week 24: Bone dry weather forecasts and large fluctuations in both the coal and carbon emissions allowance markets resulted in climbing forward prices in the Nordic energy market last week.
Focus week 23: The flood is under way in the Nordic region, and spot prices fell to their lowest levels ever recorded last week. The hydro-balance surplus, however, is falling slightly.
Focus week 22: Germany has introduced a new carbon tax, which will take effect at the start of 2021. Germany is now following in the footsteps of other European countries with similar schemes in place.
Focus week 21: Cold spring weather and a weakened hydro-balance have resulted in sudden climbs in the Nordic spot prices. The average Nordic system price last week was the highest since the start of March.
Focus week 20: Drier weather forecasts and a decreasing hydro-balance surplus resulted in a single day of price climbs in the Nordic energy market last week. Fluctuations remained minor on most days.
Focus week 19: The daily fluctuations in the Nordic energy market were relatively minor last week. The short-term contracts in the market appear to have found a stable level and have been trading sideways for several weeks now.
Focus week 18: There were falling prices in the Nordic energy market last week. The hydro-balance surplus has fallen as a result of higher levels of production and drier weather during April.
Focus week 17: The international oil markets remain characterised by low demand. The oil price fell to its lowest level for around 17 years last week in spite of the new deal between OPEC and Russia.
