The front end of the curve is weakening on Wednesday morning due to milder and wetter weather forecasts and the return of Swedish nuclear production, traders said.
The bellwether Q2 11 contract last traded at EUR 54.60/MWh at Nasdaq OMX, down 40 cents from Tuesday, while the March contract last changed hands at EUR 63.00/MWh, down 90 cents. "The market is down because the weather forecasts indicate a shift to normal weather from Friday.mWe will see significantly higher temperatures and normal precipitation in the next seven to 10 days,” said a Danish t
Mittwoch, 23.02.2011, 10:46 Uhr
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