The front end of the Nordic power curve have opened sharply up on Monday due to colder weather forecasts, players said.
The front week contract jumped to EUR 71/MWh in early trade and was last seen at EUR 69.10/MWh, up EUR 3.35 from Friday. April was up EUR 2.80 at EUR 60.50/MWh while the Q2 10 contract had gained EUR 1.05 to EUR 50.75/MWh. "We are clearly seeing a reaction to the weather forecasts, which have turned colder for next week," said a Norwegian trader. "The hydropower balance is weak, and a prolonged pe
Montag, 8.03.2010, 11:24 Uhr
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