The afternoon market bullied up as the system price was fixed above expectations at 276.81 NOK/MWh (+7.07). Turnover remained low throughout the day, and bullish fears stay put while weather forecasts are soaking wet. “Tricky,” a Swedish trader said.
With the strong Tuesday system price, V2-03 was lifted back above 261 NOK/MWh. The contract remains in its range, and the question is whether it will break in the one or the other direction this week. A Swedish trader argued in bearish terms, as rain is being delivered in writing moment, and that today’s spot was lifted only temporarily, influenced by the continental high spot blow.
Montag, 12.05.2003, 15:37 Uhr
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