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Commentary

Nordic Market - Prices retreat from early highs

Nordic forward prices opened up on dry forecasts on Wednesday morning, but have since adjusted down following softer developments in the German power market and lower production costs for coal power producers, players said.
The Q4 09 contract opened at EUR 34.75/MWh, but was last seen trading at EUR 34.30/MWh at Nord Pool, down 20 cents day on day. "Prices came up on dry forecasts early on, but then we have seen softer signals from the German power market as well as a wetter forecast,” said a Danish trader. Oil prices were also softening on Wednesday morning, after a sharp
Mittwoch, 9.09.2009, 11:07 Uhr
Redaktion
© 2024 Energie & Management GmbH
Energie & Management > Commentary - Nordic Market - Prices retreat from early highs
zurück
Commentary
Nordic Market - Prices retreat from early highs
Nordic forward prices opened up on dry forecasts on Wednesday morning, but have since adjusted down following softer developments in the German power market and lower production costs for coal power producers, players said.
The Q4 09 contract opened at EUR 34.75/MWh, but was last seen trading at EUR 34.30/MWh at Nord Pool, down 20 cents day on day. "Prices came up on dry forecasts early on, but then we have seen softer signals from the German power market as well as a wetter forecast,” said a Danish trader. Oil prices were also softening on Wednesday morning, after a sharp
Mittwoch, 9.09.2009, 11:07 Uhr
Redaktion
© 2024 Energie & Management GmbH

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