Nordic power prices are a touch stronger on Friday due to forecasts showing lower than average temperatures and less than normal precipitation.
The bellwether Q 1 11 contract was last seen at 50.70/MWh, up 18 cents on the previous day, having traded as high as EUR 50.90/MWh in the morning. "The moves we have seen today are weather driven," one Norwegian trader commented, adding that it seemed like the Q1 11 contract had gone back into its range.
According to the latest weather forecast, temperatures will drop to 2.
Freitag, 5.11.2010, 11:07 Uhr
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