Drier forecasts lifted the forward market early this morning. The Q4-07 contract was traded almost a euro above yesterday's close, but has eased off again.
Q4-07 rose to EUR 38.15 in early trade, before dropping to EUR 37.35/MWh. Most contracts are currently being traded above Wednesday's close."The weather forecasts are the major price driver. If we continue getting quite a lot of precipitation delivered, it is hard to see that the system price could go over EUR 30, as there will be production pressure among the hydropower producers," one
Donnerstag, 5.07.2007, 11:25 Uhr
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