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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November 19 2018. The coal price has dropped by more than 15 % in just one month. Monday, a ton of coal is traded at the lowest price the market has seen in five months.
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The Nordic energy market has been climbing in the last week. Dry, cold weather forecasts combined with an uptrend in the carbon emissions allowance market have caused the prices to rise.