Week 36 ended with further price falls in the Nordic energy market, but a price jump on Monday meant that the market recovered successfully. Most contracts therefore ended up more or less unchanged compared to last week, following a period in which the focus has been on the climbing coal prices, an uncertain allowance market and changeable weather forecasts. The Q4-19 contract closed at EUR 36.35/MWh on Monday, a fall of EUR 0.30/MWh for the week. The YR-20 contract now costs EUR 33.90/MWh, only EUR 0.05/MWh less than at the same time last week.
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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.