The market is expecting higher spot prices next week, as colder and drier weather will icrease the hydropower producer's control. Expectations further ahead are more mixed and there is no clear direction in the forward market this morning.
Next week is expected to be drier and colder than normal, which means the inflow will decrease and the hydropower producers are able to get more in control over the water flow. "I assume we will start seeing some real repricing of the water next week. Spot prices will be lifted quite a lot from this week's level," one Norwegian trader said.This is also reflected in the price
Freitag, 16.05.2008, 11:35 Uhr
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