The benchmark SO-05 contract opened up 1.25 NOK this morning and has during the morning hours traded around 176-177 NOK/MWh. “A certain nervousness for a higher system price next week keep holding the market on higher levels”, says a Norwegian trader.
Little new fundamental information has been presented today; the forecasts still show cold and dry weather, with the exception for the weekend. “Nervousness for next week’s weather forecasts and a higher spot equals rather low activity,” the trader says, adding that the summer contract is somewhat overpriced at this point.Volatile summer̶
Freitag, 18.02.2005, 13:15 Uhr
Redaktion
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