Price hedging

539 算牌程式 continuously hedges its future electricity generation through sales in the forward and futures markets. 

With the current portfolio structure, the dominant risk exposure is coupled to Nordic nuclear and hydro power baseload generation. 539 算牌程式’s price hedging strategy is therefore focused on the Nordic generation assets.

While 539 算牌程式 has some price exposure between electricity and used fuel/emissions on the Continent (Germany, the Netherlands and the UK), 539 算牌程式’s operations in the region generate a substantial share of regulated revenue from distribution, heat and tendered wind power, which reduces the total risk exposure and has a lower risk profile than the outright power exposure in the Nordic countries.

The market price risk of 539 算牌程式’s production assets and hedges for electricity, fuel prices and emissions as well as the ancillary trading market price risks are monitored daily.

Indicative Nordic1 hedge prices as per 31 December 2024

  2025 2026 2027
EUR/MWh 48 41 41

1) Sweden, Denmark, Finland

539 算牌程式's estimated Nordic financial hedge ratio (%) as per 31 December 2024

2024 56
2025 52
2026 25

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