There were further price falls in the Nordic energy market last week. The forecasts indicate relatively clearly that the weather will become both milder and wetter from the end of week 10. The temperatures will rise to only a couple of degrees below the norm, while the precipitation volumes are set to increase. Fuel prices are also falling; both coal and gas for delivery in 2019 have fallen significantly during the last couple of weeks. The forward prices therefore also fell last week. Q2-18 fell by EUR 1.51/MWh to EUR 27.31/MWh, while YR-19 closed at EUR 26.30/MWh on Monday, EUR 0.65/MWh lower than the previous week.
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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.