Week 14 became another week with clear price climbs in the Nordic energy market, with several contracts achieving new record levels nearly every day. It is a combination of continually dry weather forecasts and a weakened hydro-balance that is contributing to the upside, while price climbs in the German energy market and a coal market that has started to climb again are also playing a part. The Nordic Q3-18 contract closed at EUR 31.50/MWh on Monday, an increase of EUR 2.90/MWh compared to last week. The YR-19 contract increased by EUR 1.85/MWh to EUR 30.40/MWh.
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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.