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2025-07-28 19:54:25
[Increased precipitation leads to an expected recovery in hydropower generation, and Nordic electricity prices fall accordingly] ⑴ On Monday, Nordic electricity futures prices for the first quarter fell slightly, with light trading volume. ⑵ Specifically, the price of the Nordic first quarter contract fell by 0.05 euros to 48.5 euros per megawatt hour. ⑶ Meteorologists predict that the Nordic region will usher in more humid and windy weather in the coming days, which is a key factor for the region that relies on hydropower. ⑷ The available amount of hydropower reserves in Nordic countries is expected to reach 0.53 terawatt hours above normal in 15 days, while it was 1.56 terawatt hours below normal on Friday. ⑸ This improvement in water supply expectations directly led to a drop in the system price (physical delivery price the next day), which fell by 19.01 euros to 18.69 euros per megawatt hour. ⑹ At the same time, the benchmark contract price in the European carbon market fell by 0.8 euros to 70.54 euros per ton, while wholesale natural gas prices in the Netherlands and the UK did not change much. 7. Overall, the market is re-pricing the outlook for electricity supply in the Nordic region based on changes in weather expectations.
