Nordic electricity forwards are dropping on Thursday morning on the back of increased precipitation as well as softer CO2 and German power, with players seeing a further downside potential as a brief drier period ends.
The Q1 12 contract was last seen at EUR 47.10/MWh, losing EUR 0.70 day on day, while the November contract had fallen by EUR 0.60 to EUR 45.40/MWh. Earlier in the session, the front quarter had climbed to an intraday high of EUR 48.25/MWh. "Early on, the market overreacted to dry forecasts, which later turned out to indicate normalising precipitation after five days. This will likely wei
Donnerstag, 13.10.2011, 10:50 Uhr
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