Price hedging

Vattenfall 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. Vattenfall’s price hedging strategy is therefore focused on the Nordic generation assets.

While Vattenfall has some price exposure between electricity and used fuel/emissions on the Continent (Germany, the Netherlands and the UK), Vattenfall’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 Vattenfall’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 30 September 2024

  2024 2025 2026
EUR/MWh 46 48 42

1) Sweden, Denmark, Finland

Vattenfall's estimated Nordic financial hedge ratio (%) as per 30 September 2024

2024 56
2025 52
2026 25

Related content

People going up escalators in a train station

Make comparisons and analyses with our financial analysis tool.

Interior of Stornorrfors hydro power plant

Learn about our operating segments and get the latest quarterly updates.

Installation of a wind turbine at sea

The majority of Vattenfall's growth investments are being made in renewable energy.

See also

Children on a hill near Stockholm

Vattenfall has formulated a strategy to reach our goal of fossil freedom.

Girl with green jumper looking into the camera

We have decided to make the biggest leap yet to reduce the impact of climate change.

Interior view of Vattenfall headquarters

Our latest annual and sustainability report, interim reports and other presentations.