Nordic power market: It is time to panic…

It’s time to realise that last month’s hydro production has been far too low!

– Many Nordic hydro producers must increase average production with 30-40% in order to prevent flooding in reservoirs

– The companies WRM shows warm, wet and windy weather into April and increased risk for a wet and windy summer after a dry and warm spring

– In sum, hydro production must be at 100% in several months in order to keep up with increasing hydbal and flood risk

– Hydbal surplus can reach extreme levels increase the risk for massive flood above 500-year interval level in several hydro areas

– NO1 is in very dangerous flood-territory in case of a turn to more southerly tracks of lows… helps clients see their weather risk and weather-tune their strategies and investments.