Nordic power is strengthening on Friday morning on the back of stronger oil prices and colder forecasts, players said.
The Q2 09 contract last traded at EUR 37.80/MWh at Nord Pool, up 85 cents from Thursday.
"Rising oil prices are first and foremost strengthening the prices, while cold and dry forecasts give support,” said Øyvind Nes, managing director of Censu Trading in Norway. According to Storm Weather Centre forecasts, 1.5 TWh precipitation was expected during the next ten days, a thi
Freitag, 30.01.2009, 11:09 Uhr
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