Wet forecasts are pushing Nordic forward prices down considerably Monday morning. However, market players said the front end has been lowered too much, compared to the spot level.
The front quarter has dropped 2.45 euros to EUR 65.20/MWh last at Nord Pool. Weather forecasts show continued low pressure activity with at least normal precipitation amounts. Moreover, prices for oil, coal, carbon and German power are all down Monday morning.One UK based trader said it made sense that prices are falling this morning, but that the movement was too large. "As usual
Montag, 29.09.2008, 10:52 Uhr
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