Investor Presentaiton
Declining Nordic spot prices and tightening area price
differences
.
•
Nordic spot power prices have declined from the peak in third quarter 2022
Declining Continental spot power prices following lower production costs in
coal and gas power plants
• Nordic hydrology remained negative in the fourth quarter
•
Price area differences in the Nordic region have narrowed in the fourth quarter
as producers in Northern parts have regained more control, following weaker
hydrology and seasonally higher consumption
Monthly Average Power Price
Nord Pool System price
NO2
NO3
EPEX Germany
Average Power Price in Q4 2022 [€/MWh]
136
SYS
165
EUR/MWh
NO5
250
200
150
100
£169
50
UK
90
52
NO4
115
SE1
NO3
116
SE2
185
165
NO2
165
176
NO1
DK1
177
DK2
193
147
SE3
219
EE
149
SE4
227
227
227
LT
FI
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan MTD
20 20 20 20 20 20 20 20 20 20 20 20 21 21 21 21 21 21 21 21 21 21 21 21 22 Feb
22
Source: Nordpool, EEX
0
214
FR
198
203
BE
NL
DEView entire presentation