Results for Q3 2022
Energy crisis in Europe continues
.
The energy crisis is creating a challenging
situation for many consumers and businesses
• Power prices came down towards the end of
the quarter, and the trend has continued in
October
.
Extreme price area differences in the Nordics
with prices in Southern Norway at German
level
Nordic future prices has come down, but the
market still expect high prices the coming
winter
• Large degree of uncertainty going forward and
volatility expected to continue
EUR/MWh
EUR/MWh
250
200
150
100
50
50
0
2020
Gas price (monthly average)
Gas price (TTF)
2021
2022
500
Power prices (monthly average)
German base load price
400
Nordic system price (actual)
300
200
100
Nordic system price (forward)
M
0
2020
2021
2022
2023
2024
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