Energy Market Overview

Energy Market Overview

Energy Market Overview 27.12.2022: Olkiluoto 3 will not start this winter

Warmer weather, higher wind energy output and lower consumption made it possible to significantly lower the price of electricity last week compared to previous weeks. While the decision to invest in the Sopi-Tootsi Wind Farm added optimism for the coming years, the postponement of the start-up of nuclear reactor Olkiluoto 3 to March added clouds of worry to our region despite the quite successful coping with the energy crisis so far.

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Energy Market Overview

Energy Market Overview 19.12.2022: The warmer weather and the end of nuclear plant repairs in Sweden will bring down electricity prices

Last week’s electricity prices stayed at the same level as the previous week, rising just enough to reach the third most expensive position on the all-time list, after two record weeks last August. This week’s warmer weather and the end of nuclear plant repairs in Sweden will bring down electricity prices.

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Energy Market Overview

Energy Market Overview 12.12.2022: If the weather persists, Europe’s gas reserves will decrease rapidly

The arrival of the cold wave in Europe will test the mitigation measures for the energy crisis, accelerating the depletion of gas reserves. The situation in Scandinavia and the Baltic countries is complicated by the maintenance of three powerful nuclear reactors, which is why reserve power plants running on fuel oil were launched in Sweden today.

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Energy Market Overview

Energy Market Overview 28.11.2022: The debate regarding gas market regulation continues in Europe, but its impact on the electricity market is not yet clear

The energy crisis and its possible solutions fuel passions and provide plenty of talk, but the impact of various mitigation measures on the electricity market is difficult to predict. Both gas and electricity prices continued to rise in sub-zero temperatures, and for the first time this winter, countries had to use their gas reserves. Despite the fact, they are rather optimistic about the coming months.

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Energy Market Overview

Energy Market Overview 21.11.2022: The change in NordPool’s market organization helps prevent record high electricity rates

The cooler weather that arrived last week increased electricity consumption in Estonia and neighbouring countries, and thus the market prices. Good news was announced by NordPool – a second auction round to the electricity exchange will be added in December with the aim of preventing extreme price peaks in the future, similar to the ones we saw in August.

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