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EEX | APX | NordPool|Data through Nov 2021|WRDS Datastream
German baseload averaged 24.67 EUR/MWh over the full dataset, peaking at 56.59 EUR/MWh in Sep 2008
UK market showed -52% lower annualized volatility (44.94%) vs Germany (93.71%)
Nordic prices averaged 294.05 NOK/MWh (~25.58 EUR/MWh), reflecting hydro-dominant generation mix
Forward curve (TRc1 vs TRc3) at last observation: Contango (+17.18 EUR/MWh spread)
EEXmonthly average|Jun 2000 - Nov 2020
Monthly averages|DE (EUR)UK (GBP)Nordic (EUR, converted from NOK)|Note: Nordic converted from NOK at ~0.087; UK in GBP
EEXPhelix TRc1-TRc3 (EUR/MWh)|CONTANGO
The forward curve is in contango: TRc1 at 160.76 EUR/MWh vs TRc3 at 177.94 EUR/MWh (spread: +17.18 EUR/MWh, +10.7%). A contango structure suggests the market prices rising costs or supply tightness in deferred delivery months.
Annualized std dev of monthly log-returns (%)|Crisis threshold: 50%
Source: WRDS Datastream|EEX, APX, NordPool|Data as of November 2021|Currencies: EUR/MWh (DE), GBP/MWh (UK), NOK/MWh (Nordic)