Nordic power prices are retreating on Monday morning, reacting to a switch towards a wetter weather regime as well as oil touching on a seven-week low.
Prospects of a normalising hydro balance took an EUR 4/MWh bite out of the front week's value, while August momentarily touched EUR 55.00/MWh and September slid to EUR 59.50/MWh.Meanwhile, Q4 sank to a low of EUR 65.00/MWh, down EUR 3.10 on Friday's close, though last seen at EUR 65.50/MWh. A Swedish trader detected some degree of concern in the market sentiment, mentioning wet
Montag, 28.07.2008, 11:03 Uhr
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