A single week of climbing electricity prices in the Nordic region was all we got, before the market started to fall again. Last week, the long-term contracts experienced price falls that could be attributed both to falling coal and gas prices and an improved hydro-balance. The immediate contracts in the forward market also fell, as the weather forecasts appear to agree that the mild weather will return at the end of this week. The Q2-19 contract ended the week with a fall of EUR 0.95/MWh and now costs EUR 40.15/MWh. The YR-20 contract has fallen by EUR 2.94/MWh and is now at EUR 35.46/MWh.
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May 23, 2019. Europe’s largest gas field, the Groningen gas field in the Netherlands, was hit by another powerful earthquake Wednesday. The earthquake issues could speed up the closure plans for the field.
Vi hjelper våre kunder til lavest mulig pris på strøm. Les mer.
The weather forecasts for the Nordic region predict large precipitation volumes for the coming weeks. The hydro-balance is improving and the electricity prices are therefore falling.