The Nordic power market continues its bearish run Monday morning, and the V2-05 contract has dropped below 290 NOK/MWh for the first time since 22 July. The wet weather persists, resulting in weak spot expectations.
“Prices are down this morning because the forecasts are still wet, and the spot price is rather weak. I believe the forward market could soften further today, as stop losses will be triggered,” one trader comments.V2-05 was last traded at 287.25 NOK/MWh, down 7 NOK from Friday. He expects the contract to drop to at least 285. However, the fundamental downside is limited, he a
Montag, 12.09.2005, 12:00 Uhr
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