The front end of the curve is being pulled down Monday morning. The system price ended below expectations, and forecasts are wetter than before the weekend. Meanwhile, the input signals for the long end of the curve are mainly bullish.
Today's system price turned out at EUR 45.72/MWh. The area differences are still huge; with NO1 at EUR 32.72 and the other areas going above EUR 50."The market expected the system price around three euros higher than it turned out, which affected the front contracts. Moreover, the high pressure seems to be broken down and replaced by more unsettled weather, which motivates a lowerin
Montag, 21.04.2008, 11:17 Uhr
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