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Gas exposure to buoy Norway, Denmark power prices – study

Electricity

17 Mar 2023 10:06

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17 Mar 2023 10:06

(Montel) Norwegian and Danish power prices are likely to trade at an up to 40% premium to those in Sweden and Finland in the years ahead due to strong exposure to German imports linked to expensive gas-fired power, said consultancy Thema.

Western Denmark’s DK1 bidding zone was likely to see the highest average spot prices in the region by 2025 – of EUR 114/MWh – while prices in the three southern Norwegian bidding zones were set to average around EUR 105/MWh and eastern Denmark (DK2) just below EUR 100/MWh, it added in a new study seen by Montel on Friday.

These levels were considerably below last year’s record…

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