Nordic power prices continue a relentless downtrend on the back of stock markets and fuels, with traders not seeing any shifting signals or a definite floor level.
Nord Pool prices are displaying ultra-sensitivity to falling equities, with the global economic slowdown as the main driver, together with declining fossil fuels. Meanwhile, wet weather continues to drag down spot levels amid an improving hydrological deficit.A trader based in Denmark said the correlation with financial uncertainty is evident. "We now see a direct correlation with Nordic
Donnerstag, 16.10.2008, 10:40 Uhr
Redaktion
© 2024 Energie & Management GmbH