Nordic forward prices are strengthening on Friday morning on expectations of higher spot in the coming weeks on colder weather ahead and strong German power, a trader said.
The Q3 contract last traded at EUR 44.90/MWh on Nord Pool, up EUR 0.40 from Thursday, while the YR 11 contract last traded at EUR 44..35/MWh, up 65 cents, breaking the strong technical level of EUR 44/MWh. The most important driver for current price movements was expectations of higher spot prices over the coming weeks, said a Swedish trader.
Colder weather forecasts, espec
Freitag, 23.04.2010, 11:22 Uhr
Redaktion
© 2024 Energie & Management GmbH