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            <title>Inside Nordic Hydrology: Reservoir Levels, Snow &amp; Inflow | Eylert Ellefsen,...</title>
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            <description>&lt;p&gt;Eylert Ellefsen, Senior Analyst at Montel, unpacks the 2026 Nordic hydrological balance — a deep deficit in southern Norway against near-normal levels in the north and Sweden, and why the once-tight correlation between the two broke down after 2023. Drawing on Montel's EMPS simulations across 45 weather years, he maps the range of outcomes for reservoir filling and NO2 prices this winter, and explains why NO2's shrinking gap to German prices leaves little room for a bottleneck-driven price spike. Recorded at Montel Energy Deep Dives – Nordic, Oslo.&lt;/p&gt;&lt;p&gt;&lt;a href="http://video.montel.energy/inside-nordic-hydrology-reservoir"&gt;&lt;img src="http://video.montel.energy/64968577/130743807/7577978ef5243a19d5b1b963298092c6/standard/download-16-thumbnail.jpg" width="600" height="450"/&gt;&lt;/a&gt;&lt;/p&gt;</description>
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            <itunes:subtitle>Eylert Ellefsen, Senior Analyst at Montel, unpacks the 2026 Nordic hydrological balance — a deep deficit in southern Norway against near-normal levels in the north and Sweden, and why the once-tight correlation between the two broke down after...</itunes:subtitle>
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            <media:description type="html">&lt;p&gt;Eylert Ellefsen, Senior Analyst at Montel, unpacks the 2026 Nordic hydrological balance — a deep deficit in southern Norway against near-normal levels in the north and Sweden, and why the once-tight correlation between the two broke down after 2023. Drawing on Montel's EMPS simulations across 45 weather years, he maps the range of outcomes for reservoir filling and NO2 prices this winter, and explains why NO2's shrinking gap to German prices leaves little room for a bottleneck-driven price spike. Recorded at Montel Energy Deep Dives – Nordic, Oslo.&lt;/p&gt;&lt;p&gt;&lt;a href="http://video.montel.energy/inside-nordic-hydrology-reservoir"&gt;&lt;img src="http://video.montel.energy/64968577/130743807/7577978ef5243a19d5b1b963298092c6/standard/download-16-thumbnail.jpg" width="600" height="450"/&gt;&lt;/a&gt;&lt;/p&gt;</media:description>
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            <title>How Low Hydro Reservoirs in Norway Will Affect Autumn Prices | Eylert...</title>
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            <description>&lt;p&gt;Eylert Ellefsen, Senior Analyst at Montel, explains how low hydro reservoir levels in Norway could affect Nordic power prices this autumn. Recorded at Nordic Energy Day 2026, Session 3: Trading in the Nordics.&lt;/p&gt;&lt;p&gt;&lt;a href="http://video.montel.energy/how-low-hydro-reservoirs-in-norway"&gt;&lt;img src="http://video.montel.energy/64968568/130726857/a1ab681202501f9f8d7e8e9d208220a9/standard/download-14-thumbnail.jpg" width="600" height="338"/&gt;&lt;/a&gt;&lt;/p&gt;</description>
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