Nordic forward prices are once again testing lows last seen in early March on Wednesday, as the market adjusts to weaker fuel prices and an improved hydrological situation, players said.
The Q4 09 contract was last seen at EUR 33.60/MWh, down 50 cents from the previous close and the lowest level since early March. YR 10 was down 20 cents day on day at EUR 34.75/MWh.
"Oil and stock markets came down strongly yesterday and the price of coal and CO2 also fell. Those factors are sending a bearish signal to the market,” said Pål Johannesen, portfolio mana
Mittwoch, 2.09.2009, 10:37 Uhr
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