Nordic Power Prices Jump to Highest Since Energy Crisis in 2022

Nordic power prices surged to their highest level since the height of the energy crisis in late 2022 as a severe cold snap boosts demand and low wind levels squeeze supplies.

Day-ahead prices prices climbed 6.8% to €158.53 a megawatt-hour on the Nord Pool exchange, based on national rates across the Nordic and Baltic markets. Wind generation across the region is running at roughly one-third of normal levels, according to a Bloomberg model.