Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Nordic Power Price Rises With Carbon Amid Cold Weather Forecasts

Feb. 6 (Bloomberg) -- Nordic electricity for next quarter advanced to the highest price in two weeks after carbon emissions climbed and weather forecasts indicated higher power demand.

The April through June contract rose as much as 1.1 percent to 36.55 euros ($49.38) a megawatt-hour, the highest since Jan. 23, and traded at 36.30 euros as of 3 p.m. on Nasdaq OMX Group Inc.’s energy exchange in Oslo.

EU carbon permits for December gained as much as 7.7 percent to 4.76 euros a metric ton before retreating to 4.34 euros on the ICE Futures Europe exchange in London. Emission prices can influence generating costs at coal and gas-fed plants.

Power use in the Nordic region can surge as colder weather boosts the use of electric heating. Temperatures in Oslo will drop as low as minus 21 degrees Celsius (minus 6 Fahrenheit) on Feb. 8 from minus 2 today, according to CustomWeather Inc. data on Bloomberg. That compares with a 10-year average minimum temperature of minus 6 degrees.

The Nordic region gets half of its power by running water though turbines. The amount of water and snow available to generate electricity in the region may be 15.8 terawatt-hours below normal for the time of year in two weeks, Markedskraft AS data on Bloomberg show. That’s 58 percent more than today’s deficit of 10 terawatt-hours.

German Support

A surge in German wind power output last week depressed local prices and triggered Nordic net electricity imports of 48 gigawatt-hours, with Norway alone buying 172 gigawatt-hours, the Norwegian Water and Energy directorate said today in an e-mailed report.

German power for next quarter gained as much as 0.8 percent to 37.65 euros, according to broker data compiled by Bloomberg. Electricity usually flows from the cheaper area to the more expensive one, which means a rise in German power can underpin the equivalent Nordic contract.

“The German uptrend is pulling the Nordic power markets towards higher prices” with further gains possible in the next two weeks, Danish energy trading company Energi Danmark A/S said today on its website.

To contact the reporter on this story: Torsten Fagerholm8 in Helsinki at

To contact the editor responsible for this story: Lars Paulsson at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.