Nordic Power

Nordic Power Markets - Nena Analysis

StormGeo Nena offers a full range of fundamental analysis for the Nordic power market in the short, medium and long term.

Nordic Power Markets

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Key Benefits

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In-house developed models

Based on in-house developed models Nena gives a full insight to the Nordic power market with a comprehensive coverage of impact from weather, hydrology, thermal- and renewable power generation.

Price forecasts

The analysis offers up-to-date price forecasts available through a package of 6-7 daily reports and a live web service complemented with access to data on Nena API and FTP Server.

Power price prognosis

Nena’s price prognosis is published daily for most traded products from day-ahead to next weeks, month, quarters and year.

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Details and Specifications

Nordic Power Price Prognosis

Nena’s price prognosis are published on a daily basis for most traded products from day-ahead to next weeks, month, quarters and year. In addition to the system price, Nena offers area price prognosis for NO2, NO4, SE3 and FI for the next 20 days on hourly resolution.

We perform daily sensitivity analysis on front week contracts as well as scenario based price modelling once a week for months and quarters ahead.

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Weather Impact On Power Balance

Nena offers real-time updates of power balance impact from weather models EC, GFS on the Nena web throughout the day, with daily weather reports sent every morning. A daily comment from a StormGeo meteorologist is presented online and in the Morning Update report. All EC runs for temperature and precipitation are shown in maps. Nena offers access to monthly and seasonal weather forecasts.

Hydrology and Reservoir analysis par excellence

The hydropower resource presented by Nena is crucial information for anyone exposed to Nordic power. Since 1997 Nena’s analysts have continuously improved the modelling of Nordic hydrology, with latest revision done in 2014- 2015. Divided per price area in Norway, Sweden and Finland, Nena analyses snow, ground water and soil moisture, effective precipitation, inflow energy and water reservoir content.

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Influence from fuel and bordering markets

Nena’s Nordic team works closely with Nena’s European power desk and fuel analysts. This enables shared views on bordering power markets Germany (France), Netherlands, Russia and Baltics as well as markets for gas, LNG, coal and dry freight. Understanding the fuel complex mixed with strong hydrological modelling is key in Nena’s Nordic power analysis.

Nordic analyst team

Nordic power is Nena’s core market. Headed by chief analyst Sigbjørn Seland, the Nordic desk includes senior analyst and hydrologist Pål Svendsen. Together they provide Nena clients with a complete market overview on a daily basis. Operating side by side with Nena’s continental European power desk and fuel desk, the team is well informed of changes in price moving factors.

StormGeo employee StormGeo employee

Sigbjørn Seland

Chief Analyst

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Master of Science, Finance from NHH Bergen/University of Mannheim Germany. Former Trader at Drammen Kraft AS.
Employed since June 1998.

+47 22 31 41 06
StormGeo employee StormGeo employee

Pål Svendsen

Senior Analyst

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Master of Science in Engineering from NTNU. Earlier experience including hydrological and meteorological analyses and power systems modelling at Statkraft and Vattenfall.
Employed since January 2000.

+47 22 31 41 07
StormGeo employee Sondre Tønder Heggheim StormGeo employee Sondre Tønder Heggheim

Nicolai Haaber Junge

Quant Energy Analyst

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MSc in Materials Chemistry from Stockholm University. Previously done research in energy materials, Li-Ion batteries, and industrial chemical materials with a focus on data processing from advanced x-ray measurements at synchrotron facilities MAX IV and ESRF via University of Oslo and Haldor Topsøe AS.
Employed since January 2022.

+47 482 46 739

Request a free trial

Get full access to StormGeo’s analysis for one week free of charge. Follow the market closely with Nena’s price forecasts and market updates throughout the day via Nena’s website and in reports issued by email. A web meeting with an analyst is included in the free trial.

(47) 22 31 41 00

StormGeo AS

Nena Analysis is a part of StormGeo AS.
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(47) 55 70 61 70