Nordic power forwards are rising strongly on Monday, due to colder forecasts for next week and a firm CO2 market.
The bellwether Q2 12 contract was last seen at EUR 35.30/MWh, up EUR 0.85 from Friday, while Year 2013 was up 55 cents at EUR 42.95/MWh.
"A change in the forecasts to colder and drier weather next week is the main price driver this morning. This change was not foreseen in the forecasts before the weekend,” said Jens Nordberg, head of trading at Swedish supplier Din El.
Montag, 27.02.2012, 10:26 Uhr
Redaktion
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