Nordic forward prices weakened on Monday morning on the back of warmer and wetter weather, players said.
The Q2 09 contract last traded at EUR 35.50/MWh at Nord Pool, down 85 cents compared to the settlement on Friday.
"Prices are falling due to expectations of increased precipitation and warmer temperatures,” said Ole Gabrielsen, trading director at Norwegian power producer Lyse Energi.
"Bearish forecasts combined with low liquidity due to holidays in Swed
Montag, 5.01.2009, 11:54 Uhr
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