Price spread to Germany remains huge

Focus week 42: The price spread between the Nordic region and Germany remains very large. The traditional correlation between the two markets has been taken out of play completely by the current circumstances.

Here and now

The price of the Nordic system contracts continued to fall last week, but, from Thursday, the market changed direction and prices were climbing again until Monday. The Q1-22 contract now costs EUR 66.70/MWh, EUR 4.20/MWh higher than one week ago, while the YR-22 contract has fallen to EUR 39.05/MWh, EUR 1.45/MWh lower than last week. The weather forecasts remain a crucial factor and the latest forecasts are slightly drier than before the weekend. High spot prices also continue to prop the market up.

Read Focus here.