Nordic electricity forwards are being depressed by weather input and bearish surrounding markets on Tuesday morning.
The Q2 11 contract had lost EUR 1.40 from the previous close at EUR 54.80/MWh at the time of writing, while the April contract had shed EUR 1.75 day on day at EUR 60.25/MWh. The EC 00 ensemble forecast shows 5.8 TWh precipitation for the next 10 days, 1.9 TWh above the seasonal norm, and slightly lower temperatures than average. "The weather is bearish, and all markets falling: crude oil
Dienstag, 8.03.2011, 10:55 Uhr
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