2018 characterised by high spot prices

Focus week 2: 2018 was the most expensive year in the Nordic spot market for seven years, not least due to the extreme weather conditions during both winter and summer.

Here and now 

The Nordic energy market experienced a falling trend at the end of week 1 and start of week 2. This is partly due to a negative mood in the financial markets, where disappointing key ratios and falls in the stock markets have influenced developments. At the same time, the carbon emissions allowance market has also experienced some price falls, and the market is now around 10% lower than it was at the New Year. This has pulled down electricity prices. The Q2-19 contract closed at EUR 47.10/MWh on Monday, while the YR-20 contract now costs EUR 37.15/MWh.

Read Focus here.