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Energie & Management > Commentary - Market - Up on dry forecast and strong spot
Commentary

Market - Up on dry forecast and strong spot

A strong system price and bullish weather forecasts have pushed the market further up on Thursday. Since hitting a low on Tuesday, Week 15 has risen NOK/MWh 28.50 to NOK 243.00 while Summer 03 is up NOK 15.50 At NOK 228. Players powernews.org spoke to this morning found it unlikely that prices would return to the lows seen earlier this week for some time.
“It seems as if the fall in spot prices is over for now. The spot has dropped very much lately due to warm temperatures, high influx and much thermal production available. Now, we have no import from Germany during daytime and forecasts are very dry. It looks very bullish”, said a Norwegian producer. The Nord Pool system price lifted as much as NOK 16.25 on Thursda

Donnerstag, 3.04.2003, 11:58 Uhr
Energie & Management > Commentary - Market - Up on dry forecast and strong spot
Commentary
Market - Up on dry forecast and strong spot
A strong system price and bullish weather forecasts have pushed the market further up on Thursday. Since hitting a low on Tuesday, Week 15 has risen NOK/MWh 28.50 to NOK 243.00 while Summer 03 is up NOK 15.50 At NOK 228. Players powernews.org spoke to this morning found it unlikely that prices would return to the lows seen earlier this week for some time.
“It seems as if the fall in spot prices is over for now. The spot has dropped very much lately due to warm temperatures, high influx and much thermal production available. Now, we have no import from Germany during daytime and forecasts are very dry. It looks very bullish”, said a Norwegian producer. The Nord Pool system price lifted as much as NOK 16.25 on Thursda

Donnerstag, 3.04.2003, 11:58 Uhr

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