Nordic power forwards are falling on Monday morning on the back of mild and wet weather, a lower than expected spot price, and soft German power.
The November contract was last traded at EUR 43.70/MWh, down EUR 2.10 from the last settlement, while the benchmark Q1 12 contract had shed EUR 1.38 at EUR 45.65/MWh. Further out, the year 2012 contract had fallen EUR 0.78 to EUR 43.00/MWh. "It's a classic Nordic market, with weather developments driving the curve, combined with a lower than expected system price and soft German pow
Montag, 24.10.2011, 10:52 Uhr
Redaktion
© 2024 Energie & Management GmbH