Wet weather and stop-losses are causing Nordic forwards to fall on Friday morning, with the benchmark front quarter falling below the marginal cost of coal-fired production.
The bellwether Q4 11 contract was last seen down EUR 1.25 day on day at EUR 47.15/MWh, the lowest level in a month and below the marginal cost of coal-fired production, which had previously given the contract support.
The short-term marginal cost of coal-fired production in Q4 is EUR 47.83/MWh, according to Montel data.
Rainy forecasts and an improving hydrological balan
Freitag, 9.09.2011, 11:17 Uhr
Redaktion
© 2024 Energie & Management GmbH