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POWER: Vattenfall Advances 2026 Power Hedges

POWER
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Vattenfall has advanced its power hedges for its planned Nordic nuclear and hydropower generation for 2026, while keeping the 2025 hedging ratio stable on the quarter, it said. 

  • Vattenfall hedged 52% of its planned Nordic production for 2025 at an average price of €48/MWh as of 31 December 2024. This was unchanged on the quarter.
  • The utility hedged 27% of its planned production for 2026 at an average achieved price of €41/MWh as of the end of 2024. This was up from 25% hedged at a higher price of €42MWh at the end of 3Q 2024.
  • For 2027, Vattenfall hedged 11% of its planned output at €41/MWh as of the end of 2024. The firm published 2027 hedging data for the first time. 
  • Vattenfall’s electricity generation decreased by 1.3TWh on the year in 2024 to 99.6TWh due to the disinvestment of its heat operations in Berlin and the gas-fired condensing plant Magnum in the Netherlands.
  • The firm’s hydropower generation fell by 1.4TWh last year to around 35TWh.
  • Vattenfall’s nuclear generation edged up by 0.5TWh to around 38TWh in 2024, despite nuclear availability edging down to 80.4% last year, from 80.5% the year before.
  • Wind power generation increased by 3.6TWh to around 17TWh due to new capacity additions - the offshore wind farms Hollandse Kust Zuid and Vesterhav.
  • The utility’s installed combined onshore and offshore wind capacity rose to 6.43GW as of the end of 2024, compared with 5.36GW in 2023. 
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Vattenfall has advanced its power hedges for its planned Nordic nuclear and hydropower generation for 2026, while keeping the 2025 hedging ratio stable on the quarter, it said. 

  • Vattenfall hedged 52% of its planned Nordic production for 2025 at an average price of €48/MWh as of 31 December 2024. This was unchanged on the quarter.
  • The utility hedged 27% of its planned production for 2026 at an average achieved price of €41/MWh as of the end of 2024. This was up from 25% hedged at a higher price of €42MWh at the end of 3Q 2024.
  • For 2027, Vattenfall hedged 11% of its planned output at €41/MWh as of the end of 2024. The firm published 2027 hedging data for the first time. 
  • Vattenfall’s electricity generation decreased by 1.3TWh on the year in 2024 to 99.6TWh due to the disinvestment of its heat operations in Berlin and the gas-fired condensing plant Magnum in the Netherlands.
  • The firm’s hydropower generation fell by 1.4TWh last year to around 35TWh.
  • Vattenfall’s nuclear generation edged up by 0.5TWh to around 38TWh in 2024, despite nuclear availability edging down to 80.4% last year, from 80.5% the year before.
  • Wind power generation increased by 3.6TWh to around 17TWh due to new capacity additions - the offshore wind farms Hollandse Kust Zuid and Vesterhav.
  • The utility’s installed combined onshore and offshore wind capacity rose to 6.43GW as of the end of 2024, compared with 5.36GW in 2023.