Nordic spot power hits record low over Easter weekend

14/04/2020 10:49 Electricity Market


The Easter weekend saw the two lowest spot prices for Nordic power since the euro was introduced in 1999, Nord Pool figures showed.

The benchmark Nordic system price dropped to EUR 3.82/MWh on Easter Sunday and fell further to EUR 2.06/MWh on Monday.


The previous low of EUR 3.89/MWh was seen on 23 July 2000.


The cheapest hour on Monday came in at EUR 0.84/MWh and therefore above the all-time low of EUR 0/MWh seen in three hours in July 2009.


Daily (21.09.2020): German spot power price fell by more than 13% on stronger wind output

21/09/2020 11:25:00

A slide in oil prices was noticed on Friday, as worries about the increasing number of coronavirus infections across the world stalled oil demand. Furthermore, a potential return of oil output from Libya weighed on the oil market. However, a new tropical storm in the U.S. Gulf of Mexico limited losses. Hence, Brent crude slipped by 0.4% to $43.15 a barrel. At the same time, the American WTI dropped by 0.3% to $41.11 a barrel.


Diesel prices fall again on the back of easing global crude oil prices

21/09/2020 09:11:00

The recent fall in transport fuel prices comes in the wake of softening of global oil prices as an extended run of Covid-19 has depressed demand and created a glut in the market.


Turkey extends renewable energy support mechanism date

21/09/2020 09:03:00

If plant equipment is locally-produced, additional support for five years will be given starting from commission date