The Nordic power market is taking yet another nosedive this morning, with front end contracts dropping more than three euros from Friday. Players say the sharp fall is mainly driven by fundamentals, but that it also driven by trader interests.
The front quarter fell below EUR 30 to a new record low of EUR 29.05/MWh at Nord Pool. The contract was last seen at EUR 29.10, down EUR 3.15 from Friday.Market players point to quite large changes in the weather picture this morning. Last week, forecasts showed somewhat cold conditions this week, while the current outlook is both mild and wet.Consequently, expectations for the sy
Montag, 3.03.2008, 11:28 Uhr
Redaktion
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