Russia remains centre of attention across markets

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.

18 toukokuun, 2022

Here and now

Spot prices fell in the Nordic region for the second week running, and the weekend in particular ended up being cheap due to high levels of wind power production. The average Nordic system price for week 19 was EUR 94.33/MWh, a fall of 28% compared to the previous week, making it the cheapest week since week 7. Nevertheless, the downside remains limited due to high prices on the continent and the relatively low hydro-resource availability in Norway. There were sharp price falls in the forward market at the start of the week, before the markets regained the losses throughout the course of the week.

Read Focus here.

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