Nordic power prices are falling on Tuesday amid wet forecasts, a weaker than expected system price and lower fuel prices.
The Q3 11 contract was last seen trading at EUR 56.36/MWh, down EUR 1.29 day on day, while Year 2012 was down 65 cents at EUR 51.85/MWh. "The system price is soft for today and the weather forecasts are wetter than what I expect most players believed it would be before the weekend. But EUR 56.25-56.50 is a strong support level for the Q3 contract, so I doubt it would drop much from here,̶
Montag, 16.05.2011, 10:51 Uhr
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