The new year starts with prices plunging as much as 15 NOK. An improved hydrological balance and continued wet weather are two of the factors behind the large fall.
– The market is brutally down. This is explained by the fundamental situation. Many players left their positions before Christmas, and are now trying to enter the market again. It is natural to go in on the short side, trader Kjell-Idar Saure at Tussa Energi says. Gapping downSO-05 has traded down to 171.75 NOK/MWh, a level not seen since February 2003. Before
Montag, 3.01.2005, 11:34 Uhr
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