After hitting new lows this morning, Nordic power prices have adjusted up. Traders said sellers were less aggressive but that the market remains nervous.
The benchmark Q2-08 contract fell to a new low of EUR 27.50/MWh early today before buyers came in and the contract rebounded to a last trade of EUR 28.75/MWh, up 30 cents from yesterday."Fundamentally there are no big changes today with the 10-day forecasts indicating 5 TWh more precipitation than normal and temperatures three degrees above usual. But prices have come down quickly and we
Mittwoch, 5.03.2008, 11:20 Uhr
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