Fuel prices are falling across the globe, and last week the oil, gas and coal markets experienced a clear falling trend caused by a generally improved supply situation in the markets. In spite of these price falls, the immediate Nordic energy prices increased rather notably last week, as the weather situation in the region changed and became very cold and dry. The Q2-18 contract therefore increased by EUR 1.50//MWh, closing at EUR 26.15/MWh on Monday. The YR-19 contract, on the other hand, fell due to the falling fuel prices. It closed at EUR 25.80/MWh on Monday, EUR 0.55/MWh below last week’s level.
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February 22 2018. The Nordic electricity consumption is sky rocketing in the extremely cold weather conditions that we are currently experiencing. Consumption can reach the highest level for more than two years next week, where the weather is set to turn even colder.
Energi Danmark was founded in 1993 and has grown to be an international group.
Ice-cold winter weather is dominating the Nordic region, and the fuel prices are also continually rising. This has resulted in a new week of price climbs in the Nordic energy market.