Week 36 ended with further price falls in the Nordic energy market, but a price jump on Monday meant that the market recovered successfully. Most contracts therefore ended up more or less unchanged compared to last week, following a period in which the focus has been on the climbing coal prices, an uncertain allowance market and changeable weather forecasts. The Q4-19 contract closed at EUR 36.35/MWh on Monday, a fall of EUR 0.30/MWh for the week. The YR-20 contract now costs EUR 33.90/MWh, only EUR 0.05/MWh less than at the same time last week.
Read Focus here.
Early Saturday morning, drones attacked two oil facilities in Saudi Arabia, causing the stop of half the country’s, and 5 % of the global oil production. Prices are rising sharply Monday as a result.
The Energi Danmark Group have hired Jesse Ruotsalainen as new managing director of their Finnish subsidiary Energia Myynti Suomi Oy.