Nordic front forward prices are falling on Monday morning due to very wet weather forecasts and nuclear return, while a strong fuel complex is supporting the long end of the curve.
The Week 15 contract last traded at EUR 59.00/MWh at Nasdaq OMX, down EUR 1.70 from Friday, while the Q3 11 contract last changed hands at EUR 54.50/MWh, down EUR 0.16. "The front is being pushed down quite a lot by the wet weather forecasts. There are also going to be higher temperatures and increased wind power production,” Kristian Fossum, trader at Norwegian utility Hafslund, said.
Montag, 4.04.2011, 10:47 Uhr
Redaktion
© 2024 Energie & Management GmbH