Nordic forward prices are falling sharply on Monday morning due to a much weaker than expected system price and milder and wetter weather forecasts, traders said.
The Q2 11 contract last traded at EUR 57.00/MWh at Nasdaq OMX, down EUR 6.77 from Thursday, while the Week 2 contract last changed hands at EUR 80.00/MWh, down EUR 14.00. "The weather forecasts indicate a change to more normal weather, and in addition the spot price was much lower than expected. That makes a correction natural after the fear that was built up in the week between Christmas and
Montag, 3.01.2011, 11:23 Uhr
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