Forward prices are slipping Monday morning, primarily driven by the mild weather. The front quarter was last seen at EUR 41.30/MWh, and players expect the EUR 40 level to be tested shortly.
Gunnar Aronsen, an independent Norwegian trader, saw a potential for further falls. "Forecasts are still mostly wet and mild, which comes on top of an already strong hydrological balance. There is a possibility of heavy pressure in the hydropower production in the second and third quarter," he said.Aronsen pointed at the strong coal market, where several problems inSouth Africa and China
Montag, 28.01.2008, 11:24 Uhr
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