The front contracts are gaining in the Nordic power market on Friday, due to a long-term forecast of dry and cold weather and a realisation that the downwards correction earlier this week had gone too far.
The Q1 contract was last seen up 5 cents at EUR 71.90 /MWh, after trading in a range from EUR 72-74/MWh. ”The market opened up. It closed at a strong technical level yesterday, and the long term forecast is for colder and drier weather to continue,” said Mattias Hellberg, trader at Shepherd Energy. "There is a lot of volatility on the front, as there is some upside on the nea
Freitag, 17.12.2010, 11:11 Uhr
Redaktion
© 2024 Energie & Management GmbH