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Market indicators for Nord Pool – week 46

Eylert Ellefsen
Archived blog post. This blog post has been transferred from our previous blogging platform. Links and images may not work as intended.

Energy Quantified has started working on a market update, where we look at the main market indicators on a weekly perspective. This blog series is a sneak peek into how the market update report would look like.

Comment

Updated 11 November 2020

The Nordic market is this week (46) dominated by the extreme pressure in hydropower and continued increasing hydrological balance. The bearish development will most likely continue next week, partly supported by more wind power. Normalizing temperatures for week 48 will give some upward support for the spot market.

The fuels and the associated SRMCs are slightly bearish at the moment, partly some upside support from news of the Coronavirus vaccine and US presidential election. The Nord Pool Month Ahead product is currently not influenced by the German Market and the fuels as the hydrological balance and weather outlooks are the dominating factors.

Main market indicators

Main market indicators in Nord Pool. Updated 11 November. Closing prices from 10 November.

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