Seeing that the weather forecasts stay wet, prices were on their way down this morning. A Norwegian trader argued that more and more factors are pointing south, but held that the market to a great extent is still ignoring these facts.
The overall price picture hasn’t changed much the last week, and the price level remains high and above 300 NOK/MWh, only just, at least so far this Wednesday morning. IgnoringUnsettled weather outlooks contributed to the six NOK price-fall this morning, but the market is still disregarding several bearish factors, the Norwegian trader stated.– The
Mittwoch, 30.06.2004, 11:23 Uhr
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