The Nordic energy market climbed steadily for most of the last week. To begin with it was the colder and drier weather forecasts and high spot prices that sent the forward prices up, but after the weekend all eyes were on the improved mood in the Chinese-American trade war and signals from Russia and OPEC regarding further cuts to oil production. The Q1-19 contract closed at EUR 50.85/MWh on Monday, an increase of EUR 1.62/MWh during the course of the week, while the YR-19 contract increased by EUR 2.75/MWh to EUR 43.30/MWh.
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December 17 2018. The Nordic power market rose sharply at the end of week 50, and early Monday, the market is experiencing the highest prices ever for both the YR-19 and the YR-20 contract.