Forward contracts are dropping sharply, as wetter weather is expected to better the balance and gradually push spot prices down. Q4-06 is down more than five euros from Friday.
Players cite wet forecasts and delivered precipitation as the main price drivers today. Around 1.5 TWh more than normal precipitation was delivered yesterday and today is expected to be wet as well. In addition, the forecasts show above normal amounts in the next ten days. “The weather is bearish today, and is the main price driver at the moment. Now it will be interesting to see h
Montag, 28.08.2006, 11:31 Uhr
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