Wetter weather forecasts for next week gave some initial doubts this morning, but the market was soon back on the bull track.
The Q3-08 contract is up 45 cents at EUR 53.45/MWh while the front year contract is up 55 cents at EUR 60.20/MWh."The picture remains strong. The weather forecasts are wetter, but the Q3 contract has gained a lot lately and is technically strong. As long as we don't see a fall in German power, oil and coal there is still a risk of higher prices," said portfolio manager Willy Sægrov
Dienstag, 3.06.2008, 11:48 Uhr
Redaktion
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