Wetter forecasts are the main reason for weakening Nordic power prices this morning. On the last day of trading, Q2-06 is being traded just below EUR 50. However, the market is focusing on Q3-06 and the contract for year 2007.
“Germany strengthened at the opening, and we expected Nord Pool to strengthen as well. However, wetter forecasts seem to be more essential, and prices are easing off,” one player in Denmark says.Like many players lately, he comments on the contracts further out on the curve being priced too low. “The price difference to Germany is hard to understand. In our opinion, the
Freitag, 31.03.2006, 11:08 Uhr
Redaktion
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