Nordic power prices for Friday rose to a record on cold weather and low winds. Day-ahead power prices gained 37% to 151.33 euros ($170) per megawatt-hour in the Nord Pool spot auction for Friday. That was the highest level in records dating back to 1996. “With high pressure weather and sub-zero degrees the demand for electricity is set to increase at the same time as there is less wind power output,” utility Bixia AB said in note predicting a record this week. Prices rose as average temperatures across the region are set to drop to -2 degrees Celsius on Friday and wind generation in Sweden, with the most installed ... (full story)