Nordic power forwards are extending losses for the seventh session running, amid a wet and mild weather outlook, collapsing CO2 prices and a sluggish macroeconomic picture.
The Q1 12 contract was last traded at EUR 42.60/MWh, down EUR 0.60 day on day, having fallen from a high of EUR 50.65/MWh on 7 November. Meanwhile the 2012 contract had lost EUR 0.55 at EUR 41.30/MWh, down from EUR 46.90/MWh two and a half weeks ago. A fairly mild weather pattern, also on the European continent, is having a very bearish impact on the Nordic power curve, a Danish trader
Freitag, 25.11.2011, 11:07 Uhr
Redaktion
© 2024 Energie & Management GmbH