February 25, 2025 09:46 GMT
POWER: Uniper Begins Hedging German, Nordic Power Volumes for 2027
POWER
Uniper has started hedging power volumes for 2027 in both the German and Nordic markets, while its 2026 German hedging ratios remained unchanged on quarter and Nordic 2026 volumes climbed by just 5%, according to its latest quarterly report.
- For 2027, Uniper hedged 5% of its planned production in Germany at an average achieved price of €80/MWh as of the end of 2024. This compares to 25% hedged of its planned Nordic generation for 2027 at €38/MWh (see chart).
- In comparison, the German 2027 power contract closed at €77.95/MWh on 24 February. While the Nordic 2027 power contract closed at €38/MWh on the same day.
- The utility hedged 30% of its German planned production in 2026 at an average achieved price of €86/MWh as of the end of December. This compares to 30% hedged at €88/MWh at the end of 3Q24.
- For the Nordics, Uniper hedged 40% of its 2026 planned production at an average price of €38/MWh at the end of Q4. This compares to 35% hedged also at €38/MWh at the end of Q3.
- For 2025, Uniper hedged 80% of its planned German production at €121/MWh at the end of Q4. This compares to 75% hedged an average price of €124/MWh.
For the Nordics, Uniper hedged 70% of its 2025 planned production at €38/MWh at the end of December. This is up from 65% hedged also €38/MWh at the end of September.
Keep reading...Show less
229 words