A combination of wetter weather forecasts and a relatively soft system price has pushed down the front end of the Nordic power curve on Monday, players said.
The Q4 10 contract was last seen at EUR 50.33/MWh at Nord Pool, down EUR 1.27 day on day, while Q1 11 was down one euro at EUR 50.55/MWh. "The weather forecasts point towards much wetter weather from next weekend, but maybe more important is a surprisingly low system price for Monday at EUR 49.53/MWh,” said a Norwegian trader.
Those factors were pushing down the front
Montag, 27.09.2010, 11:15 Uhr
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