The front end of the curve is being lifted by drier forecasts and uncertain spot outlooks, while stronger CO2 prices are influencing the years.
The front quarter, Q3-07, has been traded in a EUR 28.65-28.95 range so far this morning, in a market described as quite calm.Yesterday's news about the Danish strike made players nervous about the effect on the system price, consequently lifting the forward market. The system price ended below expectations, but the uncertainty is still affecting the market, according to players.
Donnerstag, 21.06.2007, 12:06 Uhr
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