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Energie & Management > Commentary - Market - Adjusting to wet forecasts
Commentary

Market - Adjusting to wet forecasts

The Friday market opened in the red as more rain presented itself in this morning’s forecasts. The Summer and Autumn seasons are down 2.75 and 2.85 NOK/MWh from their closing prices yesterday.
A change towards more unsettled weather have been forecast all week, and was confirmed – and strengthened - this morning. Rain on top of low consumption due to public holidays at the end of next week could cause a fall in prices next week, according to a Swedish trader.“I am quite bearish on price developments next week. Consumption is likely to stay low, as it is May Day on

Freitag, 25.04.2003, 11:42 Uhr
Energie & Management > Commentary - Market - Adjusting to wet forecasts
Commentary
Market - Adjusting to wet forecasts
The Friday market opened in the red as more rain presented itself in this morning’s forecasts. The Summer and Autumn seasons are down 2.75 and 2.85 NOK/MWh from their closing prices yesterday.
A change towards more unsettled weather have been forecast all week, and was confirmed – and strengthened - this morning. Rain on top of low consumption due to public holidays at the end of next week could cause a fall in prices next week, according to a Swedish trader.“I am quite bearish on price developments next week. Consumption is likely to stay low, as it is May Day on

Freitag, 25.04.2003, 11:42 Uhr

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