Nordic power forwards are falling heavily on Monday morning amid very wet and mild weather forecasts and a surprisingly low system price.
The December contract was last seen at EUR 43.20/MWh, down EUR 1.20 day on day, while Q1 11 was down EUR 1.20 at EUR 44.30/MWh, after hitting a seven-week low of EUR 44.21/MWh earlier. "The movements we see today are not very surprising when we look at the weather forecasts. They have become significantly wetter and milder over the weekend,” said a Norwegian trader.
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Montag, 21.11.2011, 10:49 Uhr
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