The Tuesday morning market continued on its highway to heaven, or hell if you prefer, as weather forecasts are as bullish as they get under the already bad conditions. Figures speak for themselves, with the December weeks up a 100 NOK, V1-03 leaping some 50 NOK to 478 NOK/MWh, and YR-03 lifting above 300 NOK/MWh.
“It’s a little panicky,” one player observed this morning. A Swedish portfolio manager didn’t know whether to laugh or cry. The beginning – or the endFundamentally speaking there isn’t much information available to argue against the insanity of the present uptrend. 1-2TWh is expected to be delivered, and temperatures are steadily
Dienstag, 3.12.2002, 12:06 Uhr
Sara Fagernes
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