Viikkoraportti

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.

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.