Nordic forward prices are tumbling on Monday morning on the back of wet weather forecasts, much delivered rain and a rapid weakening marginal prices for fossil fuel power, players said.
The bellwether Q3 11 contract last traded at EUR 42.75/MWh at Nasdaq OMX, down EUR 1.95 from Friday, while the 2012 contract last changed hands at EUR 44.90/MWh, down 1.60. "This is an extraordinary situation with a phenomenal price fall. We see a combination of rapidly falling marginal prices and very wet weather forecasts, a lot of delivered rain and weakening spot prices,” said a Swedish
Montag, 27.06.2011, 11:08 Uhr
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