The market continues its relentless climb, and little was new under the sky this morning. In the Wednesday market V1-03 lifted another few NOKs, and according to a Norwegian trader this is still just the beginning. “Those who believe in a huge downside have been watching too many episodes of X-Files,” he argued.
- There is little new under the sky this morning, but we are steering towards a possible disaster. The scenario ahead is in the process of becoming worse than in 1996, and to get to this year’s January level, some 200 to 250% of normal precipitation must be delivered till then. The system price will easily have reached 300 NOK/MWh by Christmas, but at the same time there is a fear in the
Mittwoch, 16.10.2002, 12:01 Uhr
Sara Fagernes
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