The Nordic energy market experienced a falling trend at the end of week 1 and start of week 2. This is partly due to a negative mood in the financial markets, where disappointing key ratios and falls in the stock markets have influenced developments. At the same time, the carbon emissions allowance market has also experienced some price falls, and the market is now around 10% lower than it was at the New Year. This has pulled down electricity prices. The Q2-19 contract closed at EUR 47.10/MWh on Monday, while the YR-20 contract now costs EUR 37.15/MWh.
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January 18, 2019. The coal price has increased by around 10 % during just a couple of weeks. Forecasts indicating weeks of cold weather across Europe provides an upside to the market.
January 17, 2019. A meeting Tuesday between Angela Merkel and heads of four German states ended without a final result. Further meetings are scheduled later this month.
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Political negotiations are once more in the spotlight across the markets. Negotiations concerning the American-Chinese trade war, the American government shutdown and another Brexit vote in the UK parliament are all resulting in uncertainties.