As 2002 has become 2003 the system price has reached a new all time high, fixed at 726.43 NOK/MWh (+68.32) for today. The summer contract has at the same time lifted to the 300 NOK/MWh level, and the high price regime, unsurprisingly, continues with the cold start of the new year. Turnover remains relatively low, however, as volatility is high.
The high system price did not inspire players to take up new, sizable positions this morning and with a prolonged holiday sentiment the Thursday morning market was rather thin. The contracts traded were lifted considerably though, and with the very cold and dry outlooks for the period, no sudden change of the high price scenario in which the new year has started seemed likely this morning.
Donnerstag, 2.01.2003, 12:06 Uhr
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