Prices have plunged towards new lows this morning as the rain is continuing to pour down over Scandinavia.
Some 2 TWh of precipitation have fallen over Norway and Sweden the last 24 hours, putting additional pressure on spot and curve prices alike. The week-ahead contract is down 14.50 NOK/MWh at 217.50, while the V2-04 contract has reached a six-month low of 257.– Many have been forced to take stop losses today, and the forecasts remain wet. I think the market will continue down, but i
Dienstag, 21.09.2004, 11:28 Uhr
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