The bearish run is continuing at Nord Pool, with market players expecting the heavy pressure in the hydropower production to last during the summer.
The Q2-08 contract closed at an all time low yesterday, and has lost another EUR 1.35 so far this morning, last seen at EUR 32.75/MWh."The fall has been severe, but we have a hydrological balance which is quite extreme, with a surplus of around 20 TWh. The spot is so weak at the moment that the market's summer price expectations are dropping. We are in a bearish spiral," said Roger
Dienstag, 26.02.2008, 11:38 Uhr
Redaktion
© 2024 Energie & Management GmbH