Germany–Nordic (NO2) day-ahead power spread, €/MWh
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power
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Latest spread · 2026-07-18
-1.21€/MWh
1D
-18.95
1W
-15.54
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21-session range -4.70 – +26.33
(11th percentile)
21-session daily spread · derived: DE_DA − NO2_DA daily-mean day-ahead settles (ENTSO-E)
German minus southern-Norway (NO2) day-ahead auction (daily means). Positive = NordLink exports Norwegian hydro south; the gap tracks Nordic reservoir levels versus German thermal costs. Derived from our own tracked legs — descriptive, not a market quote.
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