Week 19 was yet another week of price climbs in the Nordic energy market, which is experiencing bullish signals from virtually every side. The weather forecasts are completely dry, the German energy market is climbing substantially and the upturn in the fuel markets continues. Only the slightly falling spot prices pulled slightly in the other direction. When the market closed on Monday afternoon, the Q3-18 contract cost EUR 36.15/MWh, an increase of EUR 1.85/MWh since last week. The YR-19 contract increased by EUR 1.65/MWh. It closed at EUR 34.75/MWh on Monday, its highest ever price level.
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December 10 2018. The European Commission requires the German TSO Tennet to increase import capacity on the disputed transmission cable between Jutland and Germany.
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The market experienced upwards adjustments last week, following price falls in the previous week. The focus was on, among other things, the G20 Summit in Argentina and OPEC and Russia’s oil policies.