The Monday market opened a few NOKs down in the future contracts, while the thin forward market was just marginally down from the Friday close. Players agreed this morning that the volatility in Winter2 is gone for the time being, and that the forward market is imprinted with uncertainty regarding forecast vs. delivered precipitation.
Traders today also pointed out that the flat, drifting summer market seems to have arrived. UncertaintyThe system price for today was below market expectations, and the doubts regarding how much precipitation has actually been delivered in southern Norway over the weekend is an issue, as wet weather has been promised while little has been delivered lately. An intern
Montag, 13.05.2002, 12:18 Uhr
Sara Fagernes
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