Following a week in which the Nordic energy market made significant upward and downward adjustments, the majority of the most traded contracts ended at levels relatively close to last week’s levels this Monday. The low trading activity means that the price fluctuations are based on very few transactions, and it appears that the relatively major daily fluctuations have been slightly exaggerated. The Q4-18 contract ended at EUR 49.50/MWh on Monday, EUR 0.40/MWh lower than last week. The YR-19 contract ended with a fall of EUR 0.45/MWh, closing at EUR 37.40/MWh on Monday.
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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.