Falling oil prices and wet weather are weighing down the Nordic power market Tuesday morning. However, a "relief rally" following the US elections could give an upwards correction for power as well.
The front quarter has lost 1.15 euros to EUR 54.65/MWh at the time of writing, with the front year slipping 1.25 to EUR 49.85/MWh. Players mainly attributed the fall to the weak oil market, where Brent oil for December is currently being traded below USD 59/barrel on the ICE."The market seems to be reacting a lot to oil price movements, although it should in theory follow coal pri
Dienstag, 4.11.2008, 10:59 Uhr
Redaktion
© 2024 Energie & Management GmbH