Monday’s system price turned out significantly lower than the market expected on Friday, and is the main reason why forward prices are down this morning.
The system price for Monday is 287.11 NOK/MWh, while the average estimate was around 300 NOK/MWh.“The will to produce is high, and the fear of cold weather and rocketing spot prices was perhaps a bit exaggerated. It is hard to estimate how steep the curve is at these levels, but it seems to be less steep than the market expected,” says a Norwegian trader. He believes this wee
Montag, 19.12.2005, 11:16 Uhr
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