Markets characterised by fears of recession

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.

15 kesäkuun, 2022

Here and now

Following several consecutive weeks of price climbs, the trend changed last week in the forward market. The German energy market fell on every day of the week, and fuel and carbon have also experienced price falls, which has helped pull the Nordic market downwards. Wetter weather forecasts provided a further boost to the downside for the short-term contracts in the market. There were also falling prices in the spot market, and the average Nordic system price for week 23 was EUR 97.36/MWh, a fall of around 20% compared to last week’s level.

Read Focus here.

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