As the calendar marks the end of another fortnight, our attention turns once again to the intricate dance of the Nordic and European power markets. The European power market has gone through a substantial change in the last few years. Following Russia's invasion of Ukraine, and the electricity crisis in 2022, the European Union has faced significant challenges within its electricity market. The decrease in Russian gas led to an increase in energy prices due to the tightened supply, which sent electricity prices soaring. However, Europe's recent proactive measures, including filling gas storage to capacity and benefiting from a milder winter, have helped to rebalance supply and demand. As a result, the current energy prices are more favorable compared to the peak of the crisis. As of today, the European electricity market has enacted a reform aimed at reducing its dependence on fossil fuels, especially natural gas (European Union, 2024). The shift is marked by decouplin...