More wet weather forecasts have pushed the Nordic Q4 10 contract down EUR 1.05 to EUR 44.45/MWh on Wednesday morning, its lowest level since 31 March.
"Prices are coming down because of very wet forecasts,” said a Norwegian analyst. The EC 12 model forecast 11.3 TWh of precipitation in the next 10 days, while the EC 00 was even wetter with 13.1 TWh, according to SMHI. The seasonal norm is roughly 6 TWh. The hydrological deficit had now shrinked to almost 10 TWh, the analyst said.
Further out, the Year 2011 contract
Mittwoch, 28.07.2010, 10:40 Uhr
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