Prices continue to trade down on Tuesday as the Monday spot price was weaker than expected and forecasts turned milder and wetter. A Norwegian producer felt the market was too much driven by the spot now, and said new buying possibilities are created on many of the forwards.
A weak system price of NOK/MWh 236.54 (-8.75) gave the market incentives to head further south yesterday afternoon. Week 15 closed as low as NOK 222 while Summer 03 broke through the NOK 219-221 resistance area closing at 217.75.Today, prices opened a level further south with Summer 03 opening at 214, its lowest price since 11 February. The other forwards are also trading at February lev
Dienstag, 1.04.2003, 11:48 Uhr
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