Nordic power prices are falling on Monday morning on the back of wet weather, traders said.
The Q4 09 contract was last traded at EUR 38.05/MWh, down 65 cents from Friday's close, while YR 10 was last seen at EUR 37.20/MWh, down 30 cents.
"The hydrology is important now," said Martin Emblem, trader at Norwegian utility Tafjord Kraft. "A lot of rain has fallen and there is plenty in the forecasts," he added. The 10-day weather forecast from Storm Weathe
Montag, 20.07.2009, 11:26 Uhr
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