Power prices in Finland jumped to record-high levels as a deep freeze in Europe began in the Arctic parts of the Nordic countries and is set to move south to northwest Europe in the weekend and next week
Europe s natural gas prices experienced a 5% increase due to forecasts of a cold snap expected to start next week, leading to higher heating and electricity consumption.
The warmest autumn in nearly 150 years has led to lower natural gas prices globally due to above-average inventories, reduced demand, and record-high U.S. production.
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