A firm spot market and drier than normal weather forecasts are lifting the front end of the curve. The year contracts are influenced by strong input from CO2 and fuel markets.
The Q4-07 contract opened at EUR 37/MWh today, climbed to EUR 37.30 before easing off to EUR 37.05 again.One trader inNorway sees two main price drivers for the front contracts. "The weather forecasts are a bit wetter, but still drier than normal. In addition, the system price was strong yesterday, in particular the area price in south Norway ," he saysThe NO1 price is EUR 19.48 t
Freitag, 7.09.2007, 11:03 Uhr
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