Nordic power forwards are jumping to new highs on Monday as the market factors in a bullish weather scenario and the hydrological deficit gradually approaches critical levels, market players said.
The Nordic Q1 11 contract had soared by EUR 2.40 to EUR 64.05/MWh, having earlier hit an all-time high of EUR 64.15/MWh. Meanwhile, the YR 11 contract had gained EUR 1.37 to EUR 52.35/MWh. ”There's no stopping the market. Forecasts are still very dry and cold, as feared, with hydropower producers charging a lot for their valuable water,” Jan Strömbergsson, analyst at Sweden&apo
Montag, 22.11.2010, 11:01 Uhr
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