Nordic forward contracts are falling on Friday morning due to continued wet weather forecasts and high hydropower production, with the front quarter hitting a 13.5-month low.
The Q4 11 contract was last seen EUR 1.05 lower day on day at EUR 42.80/MWh, after hitting an intraday low of EUR 42.70/MWh, the lowest price since 30 July 2010. Meanwhile, the week 38 contract had fallen to EUR 20.00/MWh, down EUR 3.23 from Thursday's closing price.
The fall was the result of an unchanged weather situation with continued wet forecasts and heavy inflow into hyd
Freitag, 16.09.2011, 11:22 Uhr
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