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Nordic power system price may top EUR 80 in Sept – analysts


31 Aug 2021 09:18

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Photo: Statkraft

31 Aug 2021 09:18

(Montel) The Nordic power system price could average above EUR 80/MWh in September, the highest price in more than a decade, amid declining hydropower stocks and high prices in other parts of Europe, analysts told Montel. 

The September contract was last trading at EUR 71.25/MWh, a EUR 30.80 rise from 1 August. 

But prices still have potential upside, according to Arne Bergvik, chief analyst at Swedish utility Jamtkraft. 

“With the current weather outlook, the Nordic system price could average EUR 80/MWh in September,” he said on Monday.

That would be the highest monthly system price since December 2010, Nord Pool data show.

The Nordic hydrological balance…

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