Milder weather forecasts and a lower than expected system price are causing Nordic power forwards to drop across the curve on Monday.
The March contract was last seen at EUR 37.75/MWh, down EUR 1.75 day on day, while Q2 12 was down EUR 0.90 at EUR 34.80/MWh on the Nasdaq OMX exchange.
"The weather forecasts clearly indicate a change towards milder weather, while the system price for Monday also turned out below expectations at EUR 50.18/MWh. Those factors are pushing down the forward prices,” said Frank Eve
Montag, 13.02.2012, 10:33 Uhr
Redaktion
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