There were further price falls in the Nordic energy market last week. The forecasts indicate relatively clearly that the weather will become both milder and wetter from the end of week 10. The temperatures will rise to only a couple of degrees below the norm, while the precipitation volumes are set to increase. Fuel prices are also falling; both coal and gas for delivery in 2019 have fallen significantly during the last couple of weeks. The forward prices therefore also fell last week. Q2-18 fell by EUR 1.51/MWh to EUR 27.31/MWh, while YR-19 closed at EUR 26.30/MWh on Monday, EUR 0.65/MWh lower than the previous week.
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The energy markets have experienced a week of further price falls, and the otherwise steadily climbing carbon emissions market has shown that the higher the climb, the further there is to fall, and the fall could be significant.