The Nordic energy market climbed steadily for most of the last week. To begin with it was the colder and drier weather forecasts and high spot prices that sent the forward prices up, but after the weekend all eyes were on the improved mood in the Chinese-American trade war and signals from Russia and OPEC regarding further cuts to oil production. The Q1-19 contract closed at EUR 50.85/MWh on Monday, an increase of EUR 1.62/MWh during the course of the week, while the YR-19 contract increased by EUR 2.75/MWh to EUR 43.30/MWh.
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May 23, 2019. Europe’s largest gas field, the Groningen gas field in the Netherlands, was hit by another powerful earthquake Wednesday. The earthquake issues could speed up the closure plans for the field.
Vi hjelper våre kunder til lavest mulig pris på strøm. Les mer.
The weather forecasts for the Nordic region predict large precipitation volumes for the coming weeks. The hydro-balance is improving and the electricity prices are therefore falling.