The front end of the Nordic power curve is rising sharply on a short squeeze triggered by drier weather forecasts and more optimistic financial markets, players said.
The November contract was last seen at EUR 44.45/MWh, up EUR 1.70 day on day, while Q1 12 was up EUR 1.30 at EUR 47.35/MWh. "Market players have tried to push the Q1 down on wet and mild forecasts for several days without really succeeding. It is therefore no surprise that prices rose when the forecasts came in drier today, and the movements have been exacerbated by short covering,” sai
Freitag, 28.10.2011, 10:50 Uhr
Redaktion
© 2024 Energie & Management GmbH