The Nordic power market has experienced some new massive price climbs during the last few days.
The Energi Danmark group achieved a revenue of DKK 119bn in 2021 driven by historical high spot, gas and forward prices on the electricity market. High financial costs due to collateral requirements and losses due to the structure in Energi Danmark’s wind portfolio resulted in an unsatisfactory group deficit after tax of DKK 286.5m. Due to a change of the valuation of sales contracts, income from 2021 in the amount of DKK 86.6m was moved back to 2020 which would otherwise have lowered the deficit to DKK 199.9m after tax. The Energi Danmark group realised a strong Q1 2022 with a result before tax of DKK 313.5m.
EU-Kommissionen har netop godkendt en konsolideret ejerkreds i energiselskabet Energi Danmark.
The German Bundesnetzagentur (Federal Network Agency for Electricity, Gas, Telecommunications, Post and Railway) has today published a press release in which it states that it has reached a decision to impose a fine on Energi Danmark A/S for an alleged REMIT (Regulation (EU) No. 1227/2011) breach in June 2019.
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Electricity prices continued to climb in the Nordic region last week The forward prices climbed even further, and the heatwave means that this week looks set to become the most expensive week ever in the spot market.