Nordic power contracts are climbing on Wednesday, after repeated forecasts of colder and drier weather than normal. The Q1 11 contract was last seen up EUR 4.05 at EUR 74.25/MWh, and the front month jumped to EUR 79.50/MWh, up EUR 4.70/MWh.
"The weather is colder and drier, so everything is trading up,” said Svenn Rognås, trader at Norwegian generator BKK. According to the latest weather forecast, the temperature will average 10.5 degrees centigrade below normal in the next 10 days, with 3.4 TWh less than normal precipitation. "If there is a ceiling for the Q1, it is towards EUR 80, with support around EUR 65, a
Mittwoch, 22.12.2010, 10:48 Uhr
Redaktion
© 2024 Energie & Management GmbH