Energy market overview February 2014

Electricity Day-Ahead Estonian market prices fell to year-and-a-half low. Latvian and Lithuanian Day-Ahead prices stay on level same as January. Electricity futures’ prices reached a long-term low-point. Gas futures’ market prices up compared to January. EstLink-2 officially taken over from builders. Eesti Energia improved electricity sales to wholesale markets by 118%. Latvian government postponed household electricity market opening to next year. Latvian regulator has approved a new Mandatory Purchase Obligation (MPO).

Warmer-than-average weather dominating February lowered electricity Future and Day-Ahead prices. Hydro reservoir capacity stayed high, supporting electricity market price fall. Generally high wind power generation also decreased Day-Ahead market prices. Carbon emission rights’ prices increased heavily throughout February. Crude oil market price stayed high compared to January. Dollar exchange rate weakened considerably, supporting oil price

Energy market overview February 2014 »