The summer contract continues to slide cautiously down towards the 150 NOK/MWh level today, on wet and mild weather outlooks. One trader says the market is too cautious, and predicts a delivery price on the summer below 100 NOK/MWh.
The SO-05 contract is down 1 NOK at 155.25 this morning, and is set to test the strong technical support level at 150 NOK/MWh this week, according to Morten Nilsen at Bergen Energi.“We will have lots of rain the next 5-6 days, and if the same forecasts continue the next days and the spot price comes down as expected, I even think the summer will soon drop below 150. But players are
Dienstag, 8.02.2005, 11:26 Uhr
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