Nordic forwards have opened on a weak note on Wednesday, with traders attributing the movement to lower crude and emissions prices.
The Q2-09 contract was last seen at EUR 31.75/MWh, down EUR 1.45 on Tuesday's settlement, while the front year had shed EUR 1.25 at EUR 32.00/MWh.
"Crude oil and emissions are driving the market. Surprisingly enough, power continues to follow oil prices, while CO2 generally does not correlate with crude,” a Finnish trader said.
"One thing is certain
Mittwoch, 11.03.2009, 10:39 Uhr
Redaktion
© 2024 Energie & Management GmbH