Negative Prices for the First Time
During the past month we have seen negative day-ahead power prices in Finland and Sweden for the first time, an occurrence which attracted widespread media attention.
Vassi Kujala, our Finland Market Manager, comments: “A combination of factors – high wind production, mild weather moderating power demand, some precautionary demand shut-downs due to large storms, and some industrial action – led to this unprecedented market situation in these areas.”
Negative prices were also recorded in Germany, due to high windpower output caused by stormy conditions.
As always, Nord Pool monitors the market very closely – you can find up-to-date market data on our website.
Finland Intraday Pilot Update
Our extended intraday trading pilot for Finland has been running for nearly two months and is proving to be both popular and successful.
At the time of writing, total traded volume in the last 30 minutes before delivery hour was standing at 3107.2 MWh, with 29 customers having taken advantage of this new trading opportunity to balance their position, so far.
We have been delighted with the feedback received from customers, which has been overwhelmingly positive, with a desire to potentially see the pilot extended to other Nordic/Baltic areas.
To learn more about the Finland intraday trading pilot and how to participate, contact market manager Vassi Kujala for information.
It Was Great to Catch Up!
It was good to see so many customers from across Europe visiting our stand at E-World Energy and Water in Essen, last month.
As usual, when we meet customers face-to-face, there was plenty to discuss and we came away with a great sense of what you are happy about, the challenges you see and how we can work together to overcome them.
If you were not able to make it to Essen this year and have something you would like to bring to our attention, feel free to contact your market manager.