The sharp southern movements have calmed down on the forward market this morning as the market is approaching strong support levels.
Due to heavy rain and persistent wet forecasts, the system price has been put under severe pressure the last week. From Tuesday to Wednesday it dropped 9.48 NOK/MWh to 252.43, the lowest weekday spot since the start of August. The declining spot has also given the forwards more room to manoeuver south, but the momentum has slowed down this morning as the market approaches some strong support le
Mittwoch, 15.09.2004, 11:16 Uhr
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