As the hydroproducers now turn down production during the weekend, the Saturday spot surprised on the upside and was fixed some 5 NOK above Friday at 250.66 NOK/MWh. ”The market is extremely nervous,” a Norwegian trader stated. An international trader underlined that 18TWh is still missing, and this is the real issue, not least for the producers.
We did not have to wait untill after the weekend to have a fairly strong indication of where this is going. The question now is whether the reduced hydroproduction during the weekend will take the Monday system price just above the Saturday level, to some 255 NOK/MWh, or whether the cold will stay put till then and we´ll see it fixed up to or even above 270 NOK/MWh. ”The produce
Freitag, 18.10.2002, 14:49 Uhr
Sara Fagernes
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