Following a prolonged period of major daily price fluctuations, the Nordic energy market quietened down slightly last week, with smaller fluctuations. Nevertheless, the week did end overall with climbing prices both in short-term and long-term contracts thanks to the drier weather forecasts and increasing coal and carbon emission allowance prices. The Q1-18 contract climbed by EUR 0.45/MWh to EUR 49.00/MWh, while the YR-19 contract closed at EUR 39.55/MWh on Monday, EUR 0.27/MWh higher than last week. The liquidity in the market remains lower than normal.
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October 19 2018. Falling gas prices in Asia mean, that Europe once again has become destination for liquified natural gas (LNG).
October 18 2018. Six months before the UK according to schedule will leave the EU; it is still not decided whether or not the country will remain a part of the EU’s market for CO2 quotas.
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The Nordic energy market changed direction last week, when wet, mild weather forecasts combined with unrest in the financial markets caused prices to drop.