Nordic power contracts are falling on Wednesday morning, due to forecasts of increased precipitation and milder temperatures.
The April contract was last seen down 35 cents at EUR 59.70/MWh, and the Q2 11 contract was 30 cents weaker at EUR 53.20/MWh. "The weather is driving the market this week. The outlook is like yesterday's,” a Norwegian analyst said. Contracts had traded even lower in the morning as the EC ENS forecast had opened for a slight change for drier weather again at the end of this week. "Reserv
Mittwoch, 2.03.2011, 11:03 Uhr
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