The price movements in the Nordic power market are small today, and the Summer-05 contract seems to have stabilized at around 235 NOK/MWh. Until snow melting starts pushing spot prices down, the market will stay at these levels, players told Montel Powernews.
“The hydrological surplus is mainly snow, and we need snow melting in order to force prices down. For the time being, the hydropower producers have control, and we will have to wait until the end of April to see some pressure on the spot prices,” Pål Johannesen at Norwegian supplier Fjordkraft says.He expects the Summer-05 to stay in the 220-240 NOK/MWh interval until deliver
Mittwoch, 6.04.2005, 11:43 Uhr
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