The downtrend in the Nordic energy market returned last week. The negative effects of the American trade wars are having a clear impact on the markets. Last week, the oil price fell by more than 10%, and the large fall immediately influenced the electricity prices. The Nordic Q3-19 contract closed at EUR 33.40/MWh on Monday, a fall of EUR 2.79/MWh for the week and the lowest price level experienced so far this year. Continually wet weather forecasts have also contributed to the development. The YR-20 contract now costs EUR 34.20/MWh, EUR 1.31/MWh less than last week.
Read Focus here.
Vi hjelper våre kunder til lavest mulig pris på strøm. Les mer.
We have experienced a week in which numerous events affected the markets. Crucial news included the nuclear power crisis in France and the attack on Saudi Arabian oil fields.