Price falls continue in quiet markets

Focus week 30: The holiday mood has well and truly set in across the international energy and financial markets.

Here and now

Once more there were clear price falls across the Nordic forward market last week. While spot prices currently remain very stable, both the short-term and the long-term contracts in the forward market are experiencing price falls. The Q4-20 contract closed at EUR 17.90/MWh on Monday, a fall of EUR 1.85/MWh for the week. The YR-21 contract has fallen by EUR 0.75/MWh to EUR 20.80/MWh. The downtrend can be attributed predominantly to the falling prices in the carbon market, which has fallen by more than 10% in the last week, but the wet and mild weather forecasts for the remainder of July have also supported the price falls.

Read Focus here.