Prices at Nord Pool are soaring on the first day of the new year. The weather outlook is dry, and market players expect rising spot prices. Q2-06 has increased by 1.90 EUR to last trade at EUR 38.90/MWh.
“There are no offers in the market right now, and forward prices are bouncing. Most signals are bullish this morning; the weather forecasts are dry, the hydrological balance is getting weaker, and the spot prices are expected to increase. It is hard to find any good arguments for selling at the moment,” says a Norwegian trader.Still, he believes it could take some time before
Montag, 2.01.2006, 10:56 Uhr
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