The Nordic hydrological balance has weakened by about 10 TWh since the beginning of the year. Our models still show it's more likely than not that the balance will have recovered to above normal levels by the end of July.
Read StoryAccording to our numbers, electricity consumption in Europe has recovered faster than expected in Continental Europe and the Nordic market during Q3 and Q4.
Read StoryWe have seen interesting price movements in the Central Western Europe (CWE) and South Eastern Europe (SEE) powermarkets at the start of 2021, but how well did traders position themselves in the week- and month-ahead contracts in these markets?
Read StoryAmongst the 4.8 GW of coal-fired production capacity that was closed down by the end of 2020 were several rather modern plants which often ran at max capacity during peak-hours in Q1 and Q4 last year. We reviewed the potential impact of the German coal-exit in a blog post on 8 December.
Read StoryThe times they are a-changin'. Bob Dylan's well-known lyrics can be used to describe what is happening in the Nordic power market after the New Year. After a very bearish 2020, everything is currently bullish: Hydrological balance is declining, the forward prices are increasing, temperatures are below normal, and the spot prices have skyrocketed.
Read StoryThe Nordic hydropower situation has been extreme this year. Norway has seen the highest inflow and reservoir levels in a 30-year perspective. By New Year's Day we will see about 13 TWh higher reservoir filling than normal in Norway, and snow/groundwater about 1-2 TWh above normal. We have studied the hydropower situation for 2021 and made some production strategy scenarios and focused on the according export-profiles.
Read StoryFrom 1 January 2021, we will see a closure of 4.8 GW hard coal (8 units), 0.3 GW lignite (Niederaussem D). By the end of 2021, 50% of the remaining nuclear capacity of 8.1 GW will close (Brockdorf, Grohnde, Gundremmingen C).
Read StoryPrecipitation levels have fluctuated massively across the Alps this autumn, as a dry November followed a very wet October. In this blog post, you will see how these two months compared to the climate years of 1980-2019 (40 years).
Read StoryWhen thunderstorm Alex hit France and the Alpine region on 2 and 3 October it caused devastating flooding in several areas as precipitation hit once-in-a-century levels. In this blog post, we assess the impact on CWE spot prices and the hydrological balance in the region.
Read Story1000 % of normal precipitation over two days.
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