Nordic power prices are rising strongly on Wednesday, with a change to wetter forecasts not enough to resist the bullish impact from German power and fuels, traders said.
The April contract was last seen at EUR 74.00/MWh, up EUR 1.25 day on day, while Q2 11 had gained EUR 1.70 to EUR 65.70/MWh. Players pointed to Germany's decision on Tuesday to close down seven nuclear reactors for safety checks in the next three months as the main bull driver. These plants have a combined capacity of 7,000 MW, but roughly 2,000 MW was already out of operation when the announ
Mittwoch, 16.03.2011, 11:19 Uhr
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