Nordic forward prices are trading sideways on Monday morning on mixed signals provided by cold weather forecasts and weakening German Power prices, players said.
The November 10 contract last traded at EUR 51.30/MWh on Nord Pool, down 15 cents from Friday, while the Q1 11 contract last traded at EUR 51.20/MWh, down 5 cents. "It is most likely that the weather will remain colder than normal until November. In addition the hydrological deficit will not improve, it is a tendency that there is less precipitation delivered than forecast,” said Anton
Montag, 18.10.2010, 10:52 Uhr
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