Nordic forward prices are weakening on Tuesday morning due to wet and mild weather forecasts and softening German power prices.
The April contract last traded at EUR 59.90/MWh at Nasdaq OMX, down EUR 0.45 from Monday, while the Q2 11 contract last changed hands at EUR 55.65/MWh, down EUR 0.35. "The weather is still pulling the market down. The forecasts are still relatively wet and mild after the recent period with much precipitation delivered,” said a Norwegian analyst.
In addition the German
Dienstag, 29.03.2011, 10:42 Uhr
Redaktion
© 2024 Energie & Management GmbH