Milder weather outlooks pushed Nordic power down this morning, but players argue that the downside is limited by the marginal cost of coal fired power production.
The benchmark Q2-07 contract was traded down to 26.30 this morning, and was last seen at 26.40 (-0.60).“I would put the movements down to slightly wetter weather forecasts. But the outlooks are uncertain and the downside is also limited by the fact that we are close to the short term marginal cost of coal power,” says Svenn Rognås, trader at Norwegian producer BKK.A Da
Dienstag, 13.02.2007, 12:26 Uhr
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