Eylert Ellefsen

Senior Analyst and Hydrologist

Senior market analyst and hydrology expert at Energy Quantified. He has held various leading positions within power market analysis for Markedskraft/MKonline and now in Energy Quantified. Eylert is the go-to person for questions related to power price formation and hydrology.

Blog posts

Norway-South: Low reservoir filling, will prices increase further?

The water reservoir filling levels in Norway-South (price zones NO1+NO2+NO5) are heading towards an all-time low at around 15% of capacity this spring (the long-term normal is about 33%). In real terms, the current level is about 10 TWh lower than usually expected.

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German wind power reaches all-time highs in February, reducing spot prices by 50 €/MWh

Spot prices In Germany came during February out significantly lower than being traded at the end of January. Declining fuel prices towards the end of the month contributed somewhat, but the main reason for lower spot prices was the very strong wind power. EQ has studied the power balance, wind power, and spot price development for February to find how these market factors have come out.

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As Spanish hydropower comes close to an all-time low, will we see a recovery during Q2?

Across the Iberian Peninsula, hydropower production levels have been extremely low since the New Year. With precipitation levels reaching 40-year lows, hydro production has dived well below normal levels, whilst the hydrological balance has reached a deficit of nearly -10 TWh for Spain. This accounts for around 30% of an average yearly production level.

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Could France become a net-importer with nuclear power at it’s lowest since 1991?

The available nuclear capacity in France was very low at the end of Q4 last year, whilst outlooks for Q1-2022 were also lower than normal by the end of 2021. Around this time, we published a blog post focusing on the low availability during February, which could mean a strained supply situation in a cold-weather scenario. This was reflected in very strong forward prices for Q1-months during December as markets included strong risk premiums in case of a cold spell.

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