(powernews.org) - The market resumed its downward trend this morning as the weather prognosis confirmed the wet and mild trend. One Norwegian trader said that the market is a little bit ahead of the underlying situation right now, but that it can afford to do so with forecast of 3.5TWh more than average of precipitation to be delivered over the next 10 days.
After a slight correction upward yesterday, the trend was down again this morning as suggestions of colder weather next week were less evident in today’s forecast. Volumes have been impressive this morning with over 5,400 GWh traded over Nord Pool at noon. The Summer02 briefly dropped below NOK 140 before recovering to NOK 140.50. One Norwegian trader said that the downtrend is likely to
Mittwoch, 6.02.2002, 12:27 Uhr
Sara Fagernes
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