Forecasts are somewhat wetter than yesterday, adding further pressure in the front end. Meanwhile, the year contracts are continuing up.
Traders believe the current tendency could continue. “The carbon market is steering the year contracts, while the hydrology is weighing down the front. The front end will stay sensitive to the precipitation for a while,” a Norwegian trader says.There is a hydrological surplus of 13-14 TWh at the moment, according to the trader. Although the weather situation could look a lot
Freitag, 30.03.2007, 11:10 Uhr
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