Nordic forward prices are falling on Monday morning due to a very weak system price, falling German power prices and wet weather forecasts.
The Q3 11 contract last traded at EUR 47.05/MWh at Nasdaq OMX, down EUR 0.65 from Friday. The contract traded at EUR 45.75/MWh at the lowest early Monday morning. "It is first and foremost the weak German market that pulls the Nordic curve down. Both the situation in the financial markets and Friday's fall in the CO2 market are lowering the [German] market,” Haakon Knudstad, trader
Montag, 20.06.2011, 11:10 Uhr
Redaktion
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