Wet forecasts and a significant drop in the global stock markets are causing Nordic power prices to fall further on Friday, market participants said.
The Q4 11 contract fell to EUR 47.80/MWh this morning, a drop of 65 cents from Thursday's close, but it had later adjusted up to EUR 47.90/MWh. "The price drop would have been much sharper had it not been for the relatively strong system price,” said trader Per Arne Austli at Norwegian utility Trønderenergi.
The system price has been higher than expected all week
Freitag, 19.08.2011, 11:11 Uhr
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