Nordic forwards are firming on Monday morning on the back of a firm spot price as well as strong German power and CO2, offsetting bearish weather input, traders said.
The Q2 11 contract had gained EUR 0.70 at EUR 53.75/MWh, down from an early morning high of EUR 54.10/MWh. The March contract had climbed EUR 0.56 to EUR 62.50/MWh. A Monday system price of EUR 68.36/MWh had underpinned the market, and outweighed bearish weather input, a Finnish trader said. "The front curve gets support from Finnish and Swedish area prices above EUR 70/MWh, although I see no clea
Montag, 21.02.2011, 11:02 Uhr
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