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Energie & Management > Commentary - Market - Precipitation, precipitation, precipitation
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Commentary

Market - Precipitation, precipitation, precipitation

Prices opened marginally down this morning, seeing that weather forecasts were very wet. Turnover was again summer-thin today, when V2-03 traded down to 278 NOK/MWh, before strengthening throughout the morning hours, lifting to 282.50 NOK/MWh. NENA said that precipitation governs the market this summer, and will continue to control what happens in the short as well as the long term.
Less precipitation than prognosticated was delivered the last 24 hours, and Oskarshamn1 (450MW) is out of operation today, both factors that contributed to not take prices further down this morning. Weather forecasts are wet, but the market did not quite buy the excessive outlooks of rain today, lifting next week up several NOK and the autumn contract correcting up a NOK.
Dienstag, 22.07.2003, 11:00 Uhr
© 2024 Energie & Management GmbH
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E&M  Commentary
Mittwoch, 23.07.2003, 11:33
Market - Truth or dare?
Players agreed this morning that there are no fundamental reasons for the lift witnessed yesterday and today. “Weather forecasts are soaking wet, but the market is thin and easy to drive,” a Swedish player said. “I think there’s a lot of ‘must-do-trading’ taking place, and few players dare to sell at the moment,” a Swedish trader argued.
Energie & Management > Commentary - Market - Truth or dare?
Mittwoch, 23.07.2003, 11:33
E&M  Commentary
Market - Truth or dare?
Players agreed this morning that there are no fundamental reasons for the lift witnessed yesterday and today. “Weather forecasts are soaking wet, but the market is thin and easy to drive,” a Swedish player said. “I think there’s a lot of ‘must-do-trading’ taking place, and few players dare to sell at the moment,” a Swedish trader argued.
mehr
E&M  Commentary
Montag, 21.07.2003, 11:10
Market - Bearish, summer calm
The week started off carefully and traded down a few NOK at open, seeing rainy weather forecasts and despite the strong Monday spot. The summer holidays may finally have brought in the big calm to the market, and no one is eager to see last week repeat itself, a Norwegian player said.
Energie & Management > Commentary - Market - Bearish, summer calm
Montag, 21.07.2003, 11:10
E&M  Commentary
Market - Bearish, summer calm
The week started off carefully and traded down a few NOK at open, seeing rainy weather forecasts and despite the strong Monday spot. The summer holidays may finally have brought in the big calm to the market, and no one is eager to see last week repeat itself, a Norwegian player said.
Energie & Management > Commentary - Market - Precipitation, precipitation, precipitation
zurück
Commentary
Market - Precipitation, precipitation, precipitation
Prices opened marginally down this morning, seeing that weather forecasts were very wet. Turnover was again summer-thin today, when V2-03 traded down to 278 NOK/MWh, before strengthening throughout the morning hours, lifting to 282.50 NOK/MWh. NENA said that precipitation governs the market this summer, and will continue to control what happens in the short as well as the long term.
Less precipitation than prognosticated was delivered the last 24 hours, and Oskarshamn1 (450MW) is out of operation today, both factors that contributed to not take prices further down this morning. Weather forecasts are wet, but the market did not quite buy the excessive outlooks of rain today, lifting next week up several NOK and the autumn contract correcting up a NOK.
Dienstag, 22.07.2003, 11:00 Uhr
© 2024 Energie & Management GmbH
Mehr zum Thema
mehr
E&M  Commentary
Mittwoch, 23.07.2003, 11:33
Market - Truth or dare?
Players agreed this morning that there are no fundamental reasons for the lift witnessed yesterday and today. “Weather forecasts are soaking wet, but the market is thin and easy to drive,” a Swedish player said. “I think there’s a lot of ‘must-do-trading’ taking place, and few players dare to sell at the moment,” a Swedish trader argued.
Energie & Management > Commentary - Market - Truth or dare?
Mittwoch, 23.07.2003, 11:33
E&M  Commentary
Market - Truth or dare?
Players agreed this morning that there are no fundamental reasons for the lift witnessed yesterday and today. “Weather forecasts are soaking wet, but the market is thin and easy to drive,” a Swedish player said. “I think there’s a lot of ‘must-do-trading’ taking place, and few players dare to sell at the moment,” a Swedish trader argued.
mehr
E&M  Commentary
Montag, 21.07.2003, 11:10
Market - Bearish, summer calm
The week started off carefully and traded down a few NOK at open, seeing rainy weather forecasts and despite the strong Monday spot. The summer holidays may finally have brought in the big calm to the market, and no one is eager to see last week repeat itself, a Norwegian player said.
Energie & Management > Commentary - Market - Bearish, summer calm
Montag, 21.07.2003, 11:10
E&M  Commentary
Market - Bearish, summer calm
The week started off carefully and traded down a few NOK at open, seeing rainy weather forecasts and despite the strong Monday spot. The summer holidays may finally have brought in the big calm to the market, and no one is eager to see last week repeat itself, a Norwegian player said.

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