The Monday morning market opened up as weather forecasts again are pushing the lows further into the future. The summer contract traded around 230 NOK/MWh as a consequence, V2-03 continued up to 245.25 NOK/MWh, while the nearest weeks traded around the Friday close, as it is not expected that the spot will manage to strengthen. Players characterized the current levels as “okay.”
Relatively high temperatures are decelerating the Block4 products that have been split into weeks. At the same time the low pressure seen in the forecasts for some time is once more being pushed further into the future, something that evidently does not contribute to improve the balance situation. When the current high pressure will be broken down is undoubtedly of significance this spring, but
Montag, 24.02.2003, 12:16 Uhr
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