Week 14 became another week with clear price climbs in the Nordic energy market, with several contracts achieving new record levels nearly every day. It is a combination of continually dry weather forecasts and a weakened hydro-balance that is contributing to the upside, while price climbs in the German energy market and a coal market that has started to climb again are also playing a part. The Nordic Q3-18 contract closed at EUR 31.50/MWh on Monday, an increase of EUR 2.90/MWh compared to last week. The YR-19 contract increased by EUR 1.85/MWh to EUR 30.40/MWh.
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January 22, 2019. Mikkel Hauge Jensen is Senior Energy Risk Advisor for our customers at Energi Danmark. To Mikkel dedication and the profound interest in the electricity market are the driving forces.
The temperatures have dropped below the norm in the Nordic region, and the prospects of the cold continuing for the remainder of the month caused the electricity prices to rise last week. All of Europe is affected by the cold weather.