The front of the Nordic curve is moving upwards on Monday morning on slightly colder and drier weather forecasts, traders said.
The Q3 10 contract was last seen at EUR 44.50/MWh, up EUR 0.75 on the previous close, while May was EUR 0.65 higher on EUR 42.35/MWh. Slightly colder weather and less wet forecasts than expected were lifting the front curve, said Kai Vidar Myrhol at Norwegian utility Sognekraft. "On the other hand, crude oil is down a lot, since Europe is no longer flying. Taken together, signals point in two
Montag, 19.04.2010, 11:10 Uhr
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