The Nordic weather forecasts made it increasingly clear that a weather change was under way last week. Following several weeks of temperatures below normal, the level is now expected to be around 3-4 degrees above average from the middle of week six. These changes resulted in significant price falls across the Nordic energy market last week. The Q2-19 contract has fallen by EUR 3.60/MWh (approximately 7.5%) to EUR 43.90/MWh, while the YR-20 contract has fallen by EUR 1.61/MWh and is now trading at a price of EUR 36.90/MWh.
Read Focus here.
February 21, 2019. Thursday morning, the oil market is trading at the highest price level of the year so far. OPEC and Russia’s production deal appears to have had an effect on the market.
Vi hjelper våre kunder til lavest mulig pris på strøm. Les mer.
The downturn in the Nordic energy market continued last week, when the unusually mild weather conditions continued to overshadow all other factors in the market.