Nordic power markets 2021 outlook to 2050: Update

This Nordic power markets report updates the fuel and carbon power assumptions used in our Nordic power markets outlook to 2050, published in August 2021, to those in our Q3 2021 long-term market outlooks, published in October. Key findings include: - Higher gas and carbon costs result in major upside for Nordic power prices in the near-term, rising by as much as 10 to 30 EUR/MWh across balancing areas in the early 2020s. - Onshore and offshore wind capture prices are between 1 to 4 EUR/MWh lower than the previous view in 2050. - Increased availability of the Nordlink in the short-term expedites the convergence of German and Norwegian prices.