The market needed to recover some ground but, after a brief break, there were price falls again last week, especially in the short-term forward contracts in the Nordic energy market. The hydrological surplus continues to grow and, as the weather forecasts indicate extremely mild temperatures and windy weather in the coming weeks, the market has room for further falls. The Q2-20 contract fell by EUR 2.95/MWh to EUR 13.40/MWh, which means that the price has now halved since the New Year. The YR-21 contract now costs EUR 26.05/MWh, a fall of EUR 0.15/MWh during the course of the week.
Read Focus here.