The Monday morning market was characterized by the weather change over the weekend, and all contracts were consequently significantly up. Block4 was lifted some 40 NOK, while SO-03 touched its resistance level in the NOK/MWh 215 area.
The nearest weeks and Block4 are priced above this week´s level, and hence the market expects the water values to be repriced into the nearest future. The summer contract was marginally lifted through its range this morning but fell back. With confirmed dry weather forecasts tomorrow a continued lift towards the 218 level seems to be on the cards. ShortageA Norweg
Montag, 10.02.2003, 11:34 Uhr
© 2024 Energie & Management GmbH