During the last week, we have experienced diverse developments in the short-term and long-term contracts in the Nordic forward market. There were price falls in the short-term contracts as, during the course of the week, weather forecasts increasingly indicated that low pressure would be arriving towards the middle of this week. The long-term contracts in the market increased as a result of the uptrend in the carbon emissions allowance market and the German energy market. The Q3-20 contract fell by EUR 0.40/MWh to EUR 12.50/MWh, while the YR-21 contract climbed by EUR 1.15/MWh to EUR 24.75/MWh.
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The summer holiday feeling has set in, and there is declining trading activity across the markets. The carbon market continues to set the tone.