Trump’s Iran decision shakes market

Focus week 20: The prices continue to climb in both the electricity and fuel markets. The weather forecasts are very dry for the coming weeks.

Here and now

Week 19 was yet another week of price climbs in the Nordic energy market, which is experiencing bullish signals from virtually every side. The weather forecasts are completely dry, the German energy market is climbing substantially and the upturn in the fuel markets continues. Only the slightly falling spot prices pulled slightly in the other direction. When the market closed on Monday afternoon, the Q3-18 contract cost EUR 36.15/MWh, an increase of EUR 1.85/MWh since last week. The YR-19 contract increased by EUR 1.65/MWh. It closed at EUR 34.75/MWh on Monday, its highest ever price level.

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