Nordic power forwards are extending losses on Friday morning, on the back of a milder weather outlook and signs of normalising precipitation.
The Q1 12 contract was last seen EUR 0.65 down day on day at EUR 47.80/MWh, while the December contract had shed EUR 0.90 at EUR 46.90/MWh. Meanwhile, the year 2012 contract had lost EUR 0.45 at EUR 45.00/MWh, albeit on limited volumes. "There are no signs of a very cold period in the 4-week forecast, which cuts into the risk premium on front-curve contracts,” a Swedish trader said
Freitag, 11.11.2011, 11:40 Uhr
Andreas Kögler
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