The Wednesday market continued down, seeing the low-pressure activities confirmed in the morning forecasts. V2-03 fell to 308 NOK/MWh, and a Norwegian trader characterized the confirmation of the western lows as the core reason for the morning drop. The autumn contract remains in a very familar range, but a Swedish trader did not believe the market would remain here for long.
Technically the autumn contract remains in a familiar range, last week 303/322 NOK/MWh, while fundamentally the price drop this morning is held as a mere confirmation of wetter weather and not due to an increase in amounts of precipitation from yesterday. The Norwegian trader expected the autumn contract to close below 310 NOK/MWh today.- The verification of the low pressures made the mo
Mittwoch, 10.09.2003, 11:51 Uhr
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