Heatwave puts further pressure on markets

Focus week 29: As if the markets did not already have enough to worry about, Central Europe is now in the midst of a severe heatwave, which is causing prices to climb further.

20 heinäkuun, 2022

Here and now

Once again, there was no end in sight for the price climbs in the Nordic forward market last week. A combination of new record-high levels in the fuel markets and in Germany, as well as low hydro-resources, is having an impact on the market, and the risk of extremely low water reservoir levels during autumn and winter has now increased. In the spot market, a relatively low Nordic system price was observed for the second week in a row. The average Nordic system price for the week was EUR 72.89/MWh, slightly higher than in week 27 but much lower than the levels experienced in June.

Read Focus here.

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