The Nordic energy market moved largely sideways last week. Week 45 looks set to be very dry, but last week the forecasts started to indicate wetter weather from the beginning of week 46. As the temperatures continue to look set to remain above the seasonal norm, the market reacted by trading down towards the end of the week, supported by falling fuel prices. The Q1-19 contract ended the week with a minor increase of EUR 0.25/MWh and closed at EUR 46.45/MWh on Monday. The YR-19 contract now costs EUR 37.05/MWh, which is EUR 0.23/MWh less than last week.
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January 18, 2019. The coal price has increased by around 10 % during just a couple of weeks. Forecasts indicating weeks of cold weather across Europe provides an upside to the market.
January 17, 2019. A meeting Tuesday between Angela Merkel and heads of four German states ended without a final result. Further meetings are scheduled later this month.
Vi hjelper våre kunder til lavest mulig pris på strøm. Les mer.
Political negotiations are once more in the spotlight across the markets. Negotiations concerning the American-Chinese trade war, the American government shutdown and another Brexit vote in the UK parliament are all resulting in uncertainties.