Dry weather forecasts result in several price climbs

Focus week 15: The temperatures have finally risen in the Nordic region following a cold start to spring, while the precipitation volumes remain below the norm.

Here and now

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.

Read Focus here.