TradeWpower · Energy intelligence & strategic advisory
Understand energy risk.
Prepare for what comes next.
Weather, gas, power and geopolitics shape decisions far beyond the trading desk. TradeWpower connects the evidence to the risks facing markets, industry and public policy.
Strategic advisory
For the decisions beyond the market.
For politicians, policymakers, institutions, investors, industry leaders, trade unions, employer organisations and government or diplomatic teams following European and Scandinavian energy risk.
→ Understand how energy stress can spread to industry, households, inflation and politics
→ Explore scenarios, warning signs and the decisions they may require
DIANA market analysis
For analysts and traders.
Weather, hydrology, renewables, gas, power and market intelligence in one platform, with direct access to the analysts behind the work.
→ Follow the chain from weather and energy balances to market risk
→ Use daily reports, scenario analysis and data in your own workflow
Strategic advisory
An energy shock can become an economic and political crisis.
Cold and calm weather, strained reservoirs, gas availability and geopolitical disruption can reinforce one another. Our briefings explain how those pressures could develop, who is exposed and which signals deserve attention before decisions become urgent.
01 · Understand the exposure
See the whole chain
Connect physical supply risks with industrial competitiveness, household costs, public finances and political pressure. Understand where Scandinavian and European risks overlap.
02 · Prepare for uncertainty
Test more than one future
Compare adverse and easing scenarios, including weather shifts and changes in LNG supply. Separate observed facts, model scenarios and analyst judgement, with sources and assumptions made clear.
03 · Keep the discussion current
Know what would change the view
Follow the indicators that strengthen or weaken each scenario. Use briefings and direct discussion to explore what new developments mean for your organisation.
A shared evidence base. A discussion focused on your organisation.
The institution package combines two shared TradeWpower reports each month with a weekly client-specific call. Bespoke reports, deeper sector studies and additional scenario work are scoped and priced separately.
Briefings can be tailored for Scandinavian policymakers and institutions, European political and industry audiences, or international embassy, government and agency teams monitoring the region.
Scenarios support awareness and preparation; they are not certain outcomes. Service scope, access and fees are set out in the client agreement.
Winter 2026–27 · Weather can change the balance
Cold. Calm. How long can Germany’s gas last?
A prolonged cold, low-wind spell could drain gas storage and strain power supply. If imports and demand response cannot close the gap, industry could face forced cuts. Even well-prepared neighbours could feel the pressure through prices and competition for energy.
The risk
More heating. Less wind. More pressure on gas.
Cold raises heating demand. Calm weather reduces wind generation and can increase reliance on gas-fired power. LNG recovery, imports and storage determine how much room is left—and how quickly the situation could tighten.
What TradeWpower delivers
Weather intelligence. Scenarios. Price estimates.
DIANA connects weather and LNG scenarios to gas-storage stress tests, TTF gas-price forecasts and power-price estimates. Our briefings explain what drives each outcome, what would change the view and what it could mean for your organisation.
You need to understand the weather before the pressure builds.
TradeWpower brings the weather, energy balances and price scenarios together. Follow the risks for Germany, Scandinavia and the wider EU—and prepare for both a tighter winter and an easing of supply pressure.
Forecasts and price estimates depend on the stated assumptions. Stress tests show possible outcomes, not inevitable shortages; market pressure can spread without a physical supply shortfall in every country.
15yr
Research behind DIANA
12
Client reports
6–9mo
Seasonal and hydro outlook
2×
Updates a day
The New Normal
The climate has changed. Old weather normals mislead.
We analysed the weather back to the 1980s. Those decades no longer describe today’s climate, and our research shows why. So DIANA measures normal weather, extremes and risk against the climate from 1990 onward: the climate your market actually trades in.
Normals that move
What a normal week looks like today, not thirty years ago, for temperature, precipitation, wind and solar.
Extremes that matter
How often cold spells, heat and calm, dark Dunkelflaute weeks occur in today’s climate.
Down to the zone
The same view for every Nordic price area, NO1–NO5 and SE1–SE4.
Built for the desk
One tool for the analyst and the trader.
DIANA does the analyst’s groundwork every morning and gives the trader a clear view of the weeks ahead, in the same numbers and the same language.
For analysts
The groundwork, done every morning
→ Weather, hydrology, renewables, fuels and prices in one place
→ Analogue years with what actually happened in each
→ The price stack: what is driving the spot price
→ Scenarios with their assumptions stated, and Ask DIANA
→ Every time series through the API, into your own models
For traders
A clear view of the weeks ahead
→ Weekly direction per market from W+0 to W+5, and a seasonal outlook months ahead
→ Futures next to DIANA’s price estimates and ranges
→ Gas winter risk and US weather risk for gas and LNG
→ News risk from wars, sanctions and supply, every day
→ A daily discussion partner on the market
TradeWpower / DIANA reports
From weather to market decisions.
Find the report that answers your question. Click any report to expand its description.
01Understand the weather
Weather outlook
Climate context, weekly forecasts and seasonal signals.
The New NormalWhat is normal in today’s climate?
Climate normals from 1990 and extremes such as calm, dark Dunkelflaute weeks, also per Nordic zone.Climate record from 1990
Weather Forecast & MapsWhere is the weather going?
Weekly deviations and confidence per market from W+0 to W+5, with maps and ensemble guidance.W+0 to W+5
Select & NoGoWhat happened in years like this one?
The past years that match today, partly match or point the other way, their outcomes by market, and the seasonal outlook they give, compared with the seasonal models.
Snow Index & WinterWhat does the snow say about the winter?
Classical Snow and DIANA Snow, the autumn snow advance, stratospheric warming and analogue winters, for a winter outlook up to six months ahead.Winter outlook up to 6 months
02Assess the supply
Supply & storage
Water availability, gas reserves and weather-related supply risks.
HydFu: Hydro & FundamentalsWhere is the water going?
Nordic and European reservoirs, inflow, hydro balance and gas storage, with a hydrological outlook 6 to 9 months ahead.Hydrological outlook 6–9 months
Gas winter riskIs there enough gas for the winter?
EU and German gas storage in days of winter demand under cold and calm, normal, and mild, wet and windy weather.
US Weather RiskWhat can US weather do to gas?
Hurricane, summer heat and winter cold risk for Henry Hub, US LNG exports and TTF.
03Read the market
Prices & market risk
Spot drivers, futures comparisons and news that matters.
Spot Analysis: the Price StackWhat is driving the spot price?
Spot and spreads against weather, residual load, gas- and coal-plant costs, hydro and flows.
FuturesHow do the contracts compare?
Power futures beside DIANA’s price estimates and ranges, gas pass-through and TTF stress cases.
Watch & PriceWhat is the news risk today?
News per market on wars, sanctions, oil, gas and LNG, and attributed bank and agency price forecasts.
Context & guidance across the reports
ResearchWhat has changed in the market?
The growth of wind and solar and how it shifts the weather–price relationship, and long-run weather patterns.
Webcast & Ask DIANAHow do I read it?
Ivan’s video walk-throughs of every report, and a chat that answers your questions from the published reports.
The groups show a reading order, not model dependencies. These are the DIANA platform reports; the advisory publication schedule is described separately above.
Presented by Ivan
Every report, walked through by the analyst who built it.
You do not just get a dashboard and a manual. Dr. Ivan Føre Svegaarden, meteorologist, analyst and trader, presents the reports as webinars and walks your team through the analysis. It saves your desk time and makes the chain from weather to price easy to follow.
Webinars on every report
See how it is built
Ivan presents each report: how it is built, what it shows and how to use it. Recordings stay in the app for new team members.
Your discussion partner
An analyst who also trades
From two licences, up to 10 hours a month with Ivan and our analysts on the market, DIANA’s analysis and energy topics. Market discussion, not advice on your positions.
Time saved
Understand it faster
Instead of piecing the picture together yourself, your team gets it explained, and can ask why.
DIANA API
DIANA’s numbers in your own models.
With DIANA 2 and 3, the time series behind the reports flow straight into your models, dashboards and trading systems. Your analysts and quants work with DIANA’s numbers directly, not with screenshots. The API is being rolled out to DIANA 2 and 3 clients now.
Weather and renewables
→ Consumption-weighted temperature
→ Hydro precipitation, wind and solar production
→ Weekly deviations from today’s normal
Analogue years and snow
→ Select, Neutral and NoGo years
→ Classical Snow and DIANA Snow
→ For the weeks and the season ahead
Gas and prices
→ Gas and futures price risk
→ Gas storage under three weather paths
→ Daily series
With DIANA 3, your own sources, such as Volue, LSEG Refinitiv, MetDesk or your own production data, appear inside DIANA beside our data, seen only by you.
Three versions
Start with the reports. Add the API. Add your own data.
Each version includes everything in the one before it. The price is per user and falls for each extra user up to six; users seven to ten add no DIANA fee. Desks with more than ten users have an enterprise agreement.
DIANA 1 · Entry
Every report, every day
→ Full access to all DIANA reports and data
→ Webinars where Ivan walks through every report
→ A daily discussion partner, from two licences
DIANA 2 · With API
DIANA in your own models
→ Everything in DIANA 1
→ DIANA’s time series through an API, into your models and systems
DIANA 3 · With API and your own data
Your data inside DIANA
→ Everything in DIANA 2
→ Your own data, price sources or analysis beside DIANA’s, seen only by you
Behind DIANA
A meteorologist who trades, and a trader who runs his own analysis.
Fifteen years of weather and market research, read by people who have traded these markets.
CEO · Chief analyst
Dr. Ivan Føre Svegaarden
→ PhD in meteorology, University of Oslo; 15 years of power-market research
→ Hydro production planner and energy meteorologist at E-CO Energi, 2011–16
→ Built DIANA; has traded Nordic and German power since 2016
Head of portfolio management and risk
Jan Erik Pedersen
→ 24 years of power, gas, emissions and oil trading
→ MSc in finance, NHH; trader at Statkraft, then his own power fund, Alfakraft
→ His own technical and fundamental analysis on every desk he has run
Next step
Discuss the risks that matter to you.
Start with a 30-minute conversation about your policy, industry or market questions, and the analysis that would help your team.
Phone
Email
TradeWpower AS · Lillehammer, Norway · Since 2016 · Org.nr. 919 948 000
DIANA provides general analysis of weather and energy markets. It is not investment advice or a personal recommendation, and TradeWpower does not advise on clients’ own positions. Forecasts are uncertain and markets can move against any view.