The Tuesday market was up at open, but changed around quickly, seeing that the weather outlooks were generally not drier than yesterday after all. The entire price curve was brought below yesterday’s close, and a Swedish player argued that when raindrops now have started to fall on players’ heads chances are good that there is more downside to come.
Around 1 TWh was delivered the last 24 hours and prices were taken below the Monday close during the morning session, after players had reconsidered what at first looked more bullish on the weather-front than yesterday. The Swedish player characterized the present situation as the other way around from last year, when prices were going the opposite way.- I think we have seen the start of
Dienstag, 16.09.2003, 11:57 Uhr
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