Nordic power contracts are trading down on Tuesday morning on the back of falling fuel prices and repeated forecasts for wetter and milder weather than normal, traders said.
The Q2 11 contract was last seen at EUR 1.75 /MWh, down 52.60 /MWh, while the February contract was down EUR 2 to EUR 61.70 /MWh. "There are many bear factors at the moment. The weather is wetter and milder in the long term, and coal prices have retracted a bit,” said Kai Vidar Myrhol, trader at Norwegian utility Sognekraft. But February and March could still have upside, with the
Dienstag, 25.01.2011, 10:49 Uhr
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