According to CoinMeta, Danish energy traders mind and energy stated on Monday that due to severe shortages of hydrological resources, coupled with limited natural gas supply in Europe, the Nordic electricity market faces a higher risk of sharp price increases this winter, especially during periods of low temperatures and insufficient wind power. mind and energy pointed out in their "Nordic Energy Market Insights Report" for the fourth quarter that as Nordic countries enter the winter heating season, the resources available for hydropower generation have decreased by 11 terawatt-hours from normal levels ( TWh ). The risk of sharp price increases is particularly high in the southern regions of Northern Europe. At the same time, the supply in the European natural gas market is tightening, due to low inventory levels in natural gas storage facilities, as well as disruptions in shipping from the Middle East that have restricted the supply of liquefied natural gas ( LNG ). These factors further increase the extent to which Nordic electricity prices are affected by those on the European mainland.