The price falls in the Nordic energy market continued steadily last week for both the short-term and long-term contracts in the market. The falls could predominantly be attributed to a downtrend in the allowance, coal and gas markets. At the same time, the cold weather we have experienced in the last week does not look set to stick around. The Q1-19 contract closed at EUR 40.05/MWh on Monday, a fall of EUR 2.25/MWh, while the YR-20 contract has fallen by EUR 0.90/MWh to EUR 34.25/MWh. We are therefore close to returning to the price level experienced before the French nuclear power crisis at the start of September.
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For the first time since 2015 Nordic nuclear power operators have been forced to limit production as a result of low prices. Price falls in the market slowing down.