Nordic power forwards are rising across the curve on Wednesday, supported by colder weather forecasts and stronger German power, CO2 and coal prices.
The Q2 12 contract was last seen at EUR 27.80/MWh, up 40 cents day on day, while the Q3 contract had gained 40 cents to EUR 30.50/MWh. "We have seen some short-covering in the front of the curve both yesterday and today due to colder weather forecasts,” said Arne Österlind, trader at Shepherd Energy.
Temperatures are forecast to drop from around 5C on average on Wedn
Mittwoch, 28.03.2012, 10:43 Uhr
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