Expectations of wetter weather conditions next week are putting downward pressure on Nordic power prices on Wednesday, said traders.
On Nord Pool, the contract for week 29 was last seen changing hands at EUR 36.50/MWh, down 50 cents day on day. The August contract traded at EUR 38.55/MWh, down 15 cents. Traders said expectations of wetter weather had put prices under pressure.
"The market is very focused on hydrology,” said one trader.
From Monday next week, low pressure would move in
Mittwoch, 1.07.2009, 11:39 Uhr
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