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2025-09-17 18:38:21
Nordic Electricity Prices Surge as Dry Weather Raises Concerns: (1) On Wednesday (6:10 PM Beijing Time, September 17), the price of Nordic electricity contracts for the first quarter rose to a near three-week high of €52.3 per megawatt-hour, up 2.15% from the previous trading day. This increase was primarily attributed to expectations of reduced precipitation and lower hydropower reserves in the region. (2) Meteorological analysis indicates that precipitation is expected to be 70% to 80% of normal over the next 10 days, with continued influence from a high-pressure system over the next 11 to 15 days, making an improvement in precipitation unlikely. As of Wednesday, available hydropower reserves in the Nordic region for the next 15 days were 3.42 terawatt-hours above normal, down from 3.65 terawatt-hours on Tuesday. Weather forecasts indicate that next week will be dominated by dry weather, with temperatures dropping from slightly above normal to near or below normal. The likelihood of significantly above-normal precipitation before the end of the month is low. (3) As a result, the system price for next-day physical delivery power in the Nordic region surged 248% to €41.83 per megawatt-hour. Meanwhile, Germany's electricity contract price for next year edged up 0.8% to €87.7 per megawatt-hour. The European carbon market's benchmark contract price also saw a slight increase. Wholesale natural gas prices in the Netherlands and the UK remained stable in early trading on Wednesday, amidst stable supply and demand and market attention to new European sanctions against Russia.
