A very dry EC 12 forecast pushed the Q4-07 contract up to yesterday's four-week high of EUR 38.25/MWh this morning. But the price has fallen back to 37.10 on profit taking and wetter weather updates.
"The EC 12 model was incredibly dry, leading to a strong start. But then prices have come down again due to profit taking and concern that the wet weather trend will resume at the end of the 10-day period. The EC 00 model predicts 3.4 TWh more precipitation than the EC 12," says Bjarne Walbech at Nordic Power Trading."We also have to keep in mind that the market has risen a lot lately an
Mittwoch, 1.08.2007, 11:28 Uhr
Redaktion
© 2024 Energie & Management GmbH