Montel Logo

    Select your prefered language:

  • * Turkish edition by Montel-Foreks requires separate trial access or subscription.


Technical maintenance

All Montel services are currently unavailable due to planned technical maintenance.

Nordic power falls as reservoir levels near 2.5-year high


27 Sept 2023 10:09

27 Sept 2023 10:09

(Montel) Nordic power futures fell on Wednesday morning, erasing some of yesterday’s gains, as forecasts confirmed a wetter than normal outlook for the hydropower-intensive region with reservoir levels set to hit 2.5-year highs.  

The October contract was last seen down EUR 1 at EUR 18.75/MWh, while Q4 fell EUR 0.90 to EUR 36/MWh. The contracts gained EUR 2.50 and EUR 2.25, respectively, on Tuesday.

Prices fell after the latest forecasts were slightly wetter and continued to indicate an improving hydrological balance, said Oskar Hallberg, trader at Swedish utility Goteborg Energi.

“The October contract has been volatile lately and there is quite…

Share this article on:

URL copied!

English newswire snapshot

Montel uses cookies to improve this website. By continuing to use our website you agree to our use of cookies. Read more about cookies and our privacy policy.