Winter gained a foothold again in the Nordic region last week. So far, the year has largely been cold, and the latest weather forecasts indicate that temperatures will remain low for the rest of week 2. This has caused prices to rise, even though the forecasts indicate milder weather from the middle of the month. In particular, the cold weather has affected the immediate contracts in the Nordic energy market. The Q2-18 contract increased by EUR 0.85/MWh, closing at EUR 23.70/MWh on Monday. The increase in the YR-18 contract was not quite as great, but it still climbed by EUR 0.03/MWh to EUR 26.10/MWh.
Read Focus here.
July 12 2018. When the annual contract for 2018 closed for trading in December last year, it cost around 25 EUR/MWh. Now however, it looks like the average system price of the year could turn out to be 45 EUR/MWh.